Crh Plc (CRH) Receives Consensus Recommendation of “Hold” from Analysts

Crh Plc (NYSE:CRH) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $37.00.

A number of analysts have recently issued reports on CRH shares. UBS Group reaffirmed a “buy” rating on shares of CRH in a report on Tuesday, November 27th. Goldman Sachs Group reaffirmed a “buy” rating and set a $35.00 price target on shares of CRH in a report on Tuesday, November 20th. BNP Paribas reaffirmed a “neutral” rating on shares of CRH in a report on Wednesday, November 14th. Bank of America reissued a “buy” rating on shares of CRH in a report on Friday, August 31st. Finally, Exane BNP Paribas downgraded shares of CRH from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 14th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in CRH by 4.6% in the second quarter. FMR LLC now owns 11,025,282 shares of the construction company’s stock worth $389,744,000 after purchasing an additional 489,009 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CRH by 6.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,808,913 shares of the construction company’s stock worth $59,188,000 after purchasing an additional 111,113 shares in the last quarter. Bank of America Corp DE boosted its position in CRH by 5.6% in the 2nd quarter. Bank of America Corp DE now owns 1,678,027 shares of the construction company’s stock worth $59,318,000 after purchasing an additional 88,402 shares in the last quarter. Northern Trust Corp boosted its position in CRH by 8.7% in the 2nd quarter. Northern Trust Corp now owns 910,355 shares of the construction company’s stock worth $32,181,000 after purchasing an additional 72,858 shares in the last quarter. Finally, GMT Capital Corp boosted its position in CRH by 32.7% in the 2nd quarter. GMT Capital Corp now owns 738,600 shares of the construction company’s stock worth $26,110,000 after purchasing an additional 182,200 shares in the last quarter. 4.32% of the stock is currently owned by institutional investors.

Shares of NYSE CRH opened at $25.76 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 0.93. CRH has a 52-week low of $25.39 and a 52-week high of $39.32.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.

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Analyst Recommendations for CRH (NYSE:CRH)

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