CRH (NYSE:CRH) Stock Rating Reaffirmed by Stifel Nicolaus

CRH (NYSE:CRH)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a report issued on Monday, MarketBeat Ratings reports. They currently have a $82.00 price target on the construction company’s stock, up from their prior price target of $80.00. Stifel Nicolaus’ target price would suggest a potential upside of 3.55% from the stock’s previous close.

CRH has been the subject of a number of other research reports. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. Vertical Research initiated coverage on shares of CRH in a report on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective on the stock. DA Davidson initiated coverage on shares of CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 target price on the stock. Citigroup raised their target price on shares of CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Truist Financial increased their price target on shares of CRH from $81.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $79.31.

CRH Trading Down 1.4 %

NYSE:CRH opened at $79.19 on Monday. CRH has a one year low of $47.14 and a one year high of $88.00. The company has a fifty day moving average price of $81.74 and a 200 day moving average price of $69.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kathmere Capital Management LLC raised its stake in CRH by 29.3% in the first quarter. Kathmere Capital Management LLC now owns 13,168 shares of the construction company’s stock valued at $1,136,000 after purchasing an additional 2,985 shares in the last quarter. Asio Capital LLC raised its stake in CRH by 0.4% during the first quarter. Asio Capital LLC now owns 54,246 shares of the construction company’s stock worth $4,679,000 after acquiring an additional 231 shares in the last quarter. Artemis Investment Management LLP raised its stake in CRH by 12.4% during the first quarter. Artemis Investment Management LLP now owns 1,101,225 shares of the construction company’s stock worth $94,941,000 after acquiring an additional 121,528 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in CRH during the first quarter worth about $485,000. Finally, Buckley Wealth Management LLC acquired a new position in CRH during the first quarter worth about $733,000. Institutional investors and hedge funds own 62.50% of the company’s stock.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.