CRH (CRH) Upgraded by Zacks Investment Research to “Buy”

CRH (NYSE:CRH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm presently has a $40.00 target price on the construction company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 19.80% from the company’s current price.

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. “

Several other brokerages also recently issued reports on CRH. BNP Paribas upgraded shares of CRH from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 25th. Morgan Stanley upgraded shares of 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, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $36.25.

Shares of CRH (CRH) traded up $0.20 during trading hours on Thursday, reaching $33.39. 1,751,743 shares of the company traded hands, compared to its average volume of 856,912. CRH has a twelve month low of $32.47 and a twelve month high of $39.32. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.10.

A number of large investors have recently modified their holdings of CRH. Tower Research Capital LLC TRC lifted its position in CRH by 781.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock worth $134,000 after acquiring an additional 3,361 shares during the last quarter. Advisor Group Inc. lifted its position in CRH by 38.6% during the second quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock worth $160,000 after acquiring an additional 1,259 shares during the last quarter. Glovista Investments LLC acquired a new stake in CRH during the third quarter worth approximately $204,000. SG Americas Securities LLC acquired a new stake in CRH during the third quarter worth approximately $271,000. Finally, Financial Counselors Inc. acquired a new stake in CRH during the third quarter worth approximately $303,000. Institutional investors and hedge funds own 3.41% 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 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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