Crh Plc (CRH) Given Average Recommendation of “Hold” by Brokerages
Crh Plc (NYSE:CRH) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company.
A number of brokerages have weighed in on CRH. Jefferies Group began coverage on CRH in a report on Wednesday, September 27th. They issued a “buy” rating on the stock. Zacks Investment Research lowered CRH from a “hold” rating to a “sell” rating in a report on Tuesday, November 28th. Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating in a report on Friday, November 17th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Counselors Inc. purchased a new position in shares of CRH during the 3rd quarter worth $303,000. Suntrust Banks Inc. raised its holdings in shares of CRH by 2.3% during the 2nd quarter. Suntrust Banks Inc. now owns 107,111 shares of the construction company’s stock worth $3,796,000 after acquiring an additional 2,378 shares during the period. Royal Bank of Canada raised its holdings in shares of CRH by 15.7% during the 2nd quarter. Royal Bank of Canada now owns 38,515 shares of the construction company’s stock worth $1,366,000 after acquiring an additional 5,229 shares during the period. SG Americas Securities LLC purchased a new position in shares of CRH during the 3rd quarter worth $271,000. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of CRH by 148.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 43,101 shares of the construction company’s stock worth $1,529,000 after acquiring an additional 25,772 shares during the period. Institutional investors and hedge funds own 3.42% of the company’s stock.
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CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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