CRH (NYSE:CRH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “CRH plc manufactures cement, concrete products, aggregates, roofing, instulation and other building materials. Through its subsidiaries, the Company operates in Ireland, the United States, the United Kingdom, Spain, Germany and the Netherlands. “
A number of other research firms have also recently commented on CRH. Morgan Stanley raised shares of CRH from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 17th. Jefferies Group initiated coverage on shares of CRH in a research note on Wednesday, September 27th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $32.50.
Hedge funds have recently added to or reduced their stakes in the company. Financial Counselors Inc. purchased a new stake in shares of CRH during the third quarter worth about $303,000. Suntrust Banks Inc. increased its stake in shares of CRH by 2.3% during the second quarter. Suntrust Banks Inc. now owns 107,111 shares of the construction company’s stock worth $3,796,000 after purchasing an additional 2,378 shares in the last quarter. Royal Bank of Canada increased its stake in shares of CRH by 15.7% during the second quarter. Royal Bank of Canada now owns 38,515 shares of the construction company’s stock worth $1,366,000 after purchasing an additional 5,229 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of CRH during the third quarter worth about $271,000. Finally, FMR LLC increased its stake in shares of CRH by 3.6% during the second quarter. FMR LLC now owns 9,878,353 shares of the construction company’s stock worth $350,385,000 after purchasing an additional 344,599 shares in the last quarter. 3.42% of the stock is owned by institutional investors and hedge funds.
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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