CRH plc (NYSE:CRH) Receives $107.75 Average Target Price from Brokerages

CRH plc (NYSE:CRH) has been given a consensus recommendation of “Buy” by the thirteen analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $107.75.

Several equities analysts have weighed in on CRH shares. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Citigroup cut their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. HSBC started coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, DA Davidson boosted their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th.

Institutional Trading of CRH

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of CRH during the fourth quarter valued at $1,391,245,000. FMR LLC boosted its position in CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in CRH by 515.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. Franklin Resources Inc. increased its position in shares of CRH by 17.0% during the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock worth $1,553,194,000 after acquiring an additional 2,437,868 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of CRH by 72.2% during the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company’s stock valued at $436,472,000 after acquiring an additional 1,978,225 shares in the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Trading Up 2.0 %

Shares of CRH stock opened at $102.26 on Friday. The stock has a market capitalization of $69.46 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. CRH has a 12-month low of $71.18 and a 12-month high of $110.97. The stock’s 50-day moving average price is $98.25 and its 200-day moving average price is $95.07.

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.