CRH plc (NYSE:CRH) Receives Average Rating of “Moderate Buy” from Brokerages

CRH plc (NYSE:CRHGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $83.28.

A number of research analysts have recently commented on the company. Citigroup upped their price target on CRH from $101.00 to $106.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Jefferies Financial Group upped their price target on CRH from $89.70 to $100.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Stifel Nicolaus reiterated a “hold” rating and set a $82.00 price objective (up from $80.00) on shares of CRH in a research note on Monday, April 15th. Vertical Research began coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Truist Financial boosted their price objective on CRH from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, May 13th.

Check Out Our Latest Stock Report on CRH

Hedge Funds Weigh In On CRH

A number of institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV increased its stake in CRH by 17.0% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 914 shares of the construction company’s stock worth $79,000 after acquiring an additional 133 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in CRH by 3.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 4,748 shares of the construction company’s stock worth $329,000 after acquiring an additional 155 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of CRH by 71.5% in the 1st quarter. NBC Securities Inc. now owns 415 shares of the construction company’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of CRH by 30.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 783 shares of the construction company’s stock worth $54,000 after purchasing an additional 183 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of CRH by 25.6% in the 4th quarter. Allworth Financial LP now owns 975 shares of the construction company’s stock worth $67,000 after purchasing an additional 199 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

CRH stock opened at $78.12 on Thursday. The stock’s fifty day simple moving average is $81.83 and its two-hundred day simple moving average is $74.83. CRH has a 1-year low of $47.14 and a 1-year high of $88.00.

CRH (NYSE:CRHGet Free Report) last posted its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.60 billion. On average, equities research analysts forecast that CRH will post 5.36 earnings per share for the current fiscal year.

CRH Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, May 24th will be paid a $0.35 dividend. This is a positive change from CRH’s previous Variable dividend of $0.23. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 23rd.

About CRH

(Get Free Report

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.

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Analyst Recommendations for CRH (NYSE:CRH)

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