Shares of Crh Plc (NYSE:CRH) have been assigned a consensus rating of “Buy” from the thirteen analysts that are currently covering the company. Seven equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.00.
CRH has been the topic of a number of recent research reports. Zacks Investment Research raised Crh Plc from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a report on Thursday, September 8th. Beaufort Securities reaffirmed a “hold” rating on shares of Crh Plc in a report on Friday, August 26th. Numis Securities Ltd lowered Crh Plc from an “add” rating to a “hold” rating in a research note on Friday, August 26th. BNP Paribas reiterated an “outperform” rating on shares of Crh Plc in a research note on Tuesday, June 21st. Finally, Societe Generale lowered Crh Plc from a “buy” rating to a “hold” rating in a research note on Friday, August 26th.
Crh Plc (NYSE:CRH) traded down 0.21% during midday trading on Tuesday, hitting $33.04. The stock had a trading volume of 397,251 shares. The stock’s 50-day moving average is $32.96 and its 200-day moving average is $30.12. Crh Plc has a 1-year low of $23.33 and a 1-year high of $34.28. The company has a market capitalization of $27.26 billion, a PE ratio of 25.63 and a beta of 1.31.
The company also recently disclosed a dividend, which will be paid on Monday, November 14th. Stockholders of record on Friday, September 9th will be given a dividend of $0.204 per share. The ex-dividend date is Wednesday, September 7th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners bought a new position in Crh Plc during the second quarter valued at approximately $235,032,000. Emerald Acquisition Ltd. bought a new position in Crh Plc during the second quarter valued at approximately $54,872,000. Bank of Montreal Can bought a new position in Crh Plc during the second quarter valued at approximately $21,285,000. FMR LLC raised its position in Crh Plc by 9.4% in the second quarter. FMR LLC now owns 8,336,300 shares of the company’s stock valued at $246,587,000 after buying an additional 715,400 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Crh Plc by 1,267.2% in the second quarter. JPMorgan Chase & Co. now owns 365,120 shares of the company’s stock valued at $10,800,000 after buying an additional 338,415 shares in the last quarter. Hedge funds and other institutional investors own 7.37% of the company’s stock.
About Crh Plc
CRH plc manufactures and distributes a range of products servicing the construction needs, from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal.
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