CRH plc (NYSE:CRH) Receives $53.67 Average Target Price from Brokerages

CRH plc (NYSE:CRHGet Rating) has received an average rating of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $53.67.

CRH has been the topic of a number of recent research reports. Credit Suisse Group reduced their target price on shares of CRH from €54.00 ($56.84) to €52.00 ($54.74) in a research report on Thursday, March 17th. JPMorgan Chase & Co. upped their target price on shares of CRH from €58.00 ($61.05) to €59.00 ($62.11) and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Zacks Investment Research cut shares of CRH from a “buy” rating to a “hold” rating in a research note on Wednesday, March 9th. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Redburn Partners cut shares of CRH from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 22nd.

Institutional investors and hedge funds have recently bought and sold shares of the business. Icon Wealth Partners LLC increased its position in shares of CRH by 2.0% during the 4th quarter. Icon Wealth Partners LLC now owns 10,025 shares of the construction company’s stock valued at $529,000 after purchasing an additional 193 shares during the last quarter. Glassman Wealth Services increased its position in shares of CRH by 65.2% during the 4th quarter. Glassman Wealth Services now owns 651 shares of the construction company’s stock valued at $34,000 after purchasing an additional 257 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of CRH by 3.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,077 shares of the construction company’s stock valued at $374,000 after purchasing an additional 263 shares during the last quarter. Thornburg Investment Management Inc. increased its position in shares of CRH by 0.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 97,708 shares of the construction company’s stock valued at $4,567,000 after purchasing an additional 296 shares during the last quarter. Finally, BTC Capital Management Inc. increased its position in shares of CRH by 1.3% during the 4th quarter. BTC Capital Management Inc. now owns 23,976 shares of the construction company’s stock valued at $1,266,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 12.67% of the company’s stock.

Shares of CRH traded up $0.98 during trading hours on Wednesday, hitting $39.22. 516,387 shares of the stock were exchanged, compared to its average volume of 807,447. The business has a 50-day moving average of $40.76 and a 200-day moving average of $46.79. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.48. CRH has a fifty-two week low of $37.47 and a fifty-two week high of $54.54.

The business also recently announced a semi-annual dividend, which was paid on Thursday, May 12th. Shareholders of record on Thursday, March 17th were paid a dividend of $0.2266 per share. The ex-dividend date of this dividend was Wednesday, March 16th. This represents a yield of 3.1%. This is a boost from CRH’s previous semi-annual dividend of $0.22.

CRH Company Profile (Get Rating)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.

Read More

Analyst Recommendations for CRH (NYSE:CRH)

Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.