CRH (NYSE:CRH) Stock Rating Upgraded by Hsbc Global Res

CRH (NYSE:CRH) was upgraded by investment analysts at Hsbc Global Res to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

CRH has been the topic of several other reports. HSBC began coverage on shares of CRH in a report on Monday. They set a “buy” rating and a $116.00 price target on the stock. DA Davidson upped their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Morgan Stanley increased their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CRH presently has a consensus rating of “Buy” and a consensus price target of $105.55.

CRH Stock Down 2.1 %

CRH stock opened at $100.15 on Monday. The stock has a market cap of $68.37 billion, a PE ratio of 20.03, a P/E/G ratio of 1.44 and a beta of 1.29. CRH has a 12-month low of $58.57 and a 12-month high of $102.51. The business’s 50-day moving average price is $91.68 and its two-hundred day moving average price is $84.37.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRH. Greenhaven Associates Inc. raised its stake in CRH by 0.3% during the third quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock worth $1,034,540,000 after buying an additional 35,209 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of CRH by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after acquiring an additional 431,172 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of CRH by 35,497.5% in the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after purchasing an additional 5,068,682 shares during the period. Legal & General Group Plc boosted its position in shares of CRH by 36,503.4% during the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after purchasing an additional 4,825,752 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after purchasing an additional 2,365,589 shares during the period. Institutional investors own 62.50% of the company’s stock.

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.