Shares of Crh Plc (NYSE:CRH) have been given a consensus rating of “Hold” by the nine research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $37.00.
A number of brokerages have weighed in on CRH. JPMorgan Chase & Co. set a $37.00 price objective on shares of CRH and gave the stock a “buy” rating in a report on Wednesday, May 23rd. Zacks Investment Research upgraded shares of CRH from a “sell” rating to a “hold” rating in a report on Tuesday, May 15th. Finally, ValuEngine cut shares of CRH from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in shares of CRH by 1,184,910.1% during the fourth quarter. BlackRock Inc. now owns 1,291,661 shares of the construction company’s stock valued at $46,616,000 after buying an additional 1,291,552 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of CRH during the first quarter valued at approximately $6,246,000. Citigroup Inc. grew its holdings in shares of CRH by 58.4% during the first quarter. Citigroup Inc. now owns 370,614 shares of the construction company’s stock valued at $12,521,000 after buying an additional 136,608 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of CRH during the first quarter valued at approximately $3,183,000. Finally, Aperio Group LLC grew its holdings in shares of CRH by 4.0% during the first quarter. Aperio Group LLC now owns 375,136 shares of the construction company’s stock valued at $12,762,000 after buying an additional 14,496 shares during the last quarter. Institutional investors and hedge funds own 4.43% of the company’s stock.
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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