BNP Paribas Upgrades CRH (CRH) to Neutral

CRH (NYSE:CRH) was upgraded by stock analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a research note issued on Thursday.

A number of other equities research analysts have also recently weighed in on CRH. Zacks Investment Research upgraded CRH from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group assumed coverage on CRH in a research note on Wednesday, September 27th. They set a “buy” rating for the company. Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, three have assigned 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 a consensus price target of $32.50.

Shares of CRH (NYSE:CRH) traded up $0.10 during midday trading on Thursday, hitting $38.56. The company had a trading volume of 850,148 shares, compared to its average volume of 1,050,832. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.10. CRH has a 1 year low of $32.82 and a 1 year high of $39.32.

Several hedge funds and other institutional investors have recently modified their holdings of CRH. Tower Research Capital LLC TRC lifted its stake in shares of CRH by 781.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock worth $134,000 after purchasing an additional 3,361 shares during the last quarter. Advisor Group Inc. increased its position in CRH by 38.6% during the 2nd quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock valued at $160,000 after buying an additional 1,259 shares in the last quarter. Glovista Investments LLC acquired a new position in CRH during the 3rd quarter valued at about $204,000. Quantbot Technologies LP increased its position in CRH by 307.1% during the 2nd quarter. Quantbot Technologies LP now owns 7,319 shares of the construction company’s stock valued at $259,000 after buying an additional 5,521 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in CRH during the 3rd quarter valued at about $271,000. Hedge funds and other institutional investors own 3.42% of the company’s stock.

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About CRH

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.