Shares of Crh Plc (NYSE:CRH) have earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the firm. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $39.00.
Several brokerages have weighed in on CRH. Zacks Investment Research upgraded Crh Plc from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a report on Thursday, September 8th. Beaufort Securities reiterated a “hold” rating on shares of Crh Plc in a report on Friday, August 26th. Numis Securities Ltd cut Crh Plc from an “add” rating to a “hold” rating in a research note on Friday, August 26th. Societe Generale cut Crh Plc from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Finally, BNP Paribas restated an “outperform” rating on shares of Crh Plc in a research note on Tuesday, June 21st.
Crh Plc (NYSE:CRH) opened at 33.03 on Tuesday. The stock has a market capitalization of $27.25 billion, a PE ratio of 25.62 and a beta of 1.31. The firm has a 50-day moving average price of $33.15 and a 200 day moving average price of $30.20. Crh Plc has a 12 month low of $23.33 and a 12 month high of $34.28.
The firm also recently announced a dividend, which will be paid on Monday, November 14th. Investors of record on Friday, September 9th will be given a dividend of $0.204 per share. The ex-dividend date is Wednesday, September 7th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Boston Partners purchased a new position in shares of Crh Plc during the second quarter worth $235,032,000. Emerald Acquisition Ltd. purchased a new position in shares of Crh Plc during the second quarter worth $54,872,000. Bank of Montreal Can purchased a new position in shares of Crh Plc during the second quarter worth $21,285,000. FMR LLC raised its position in shares of Crh Plc by 9.4% in the second quarter. FMR LLC now owns 8,336,300 shares of the company’s stock worth $246,587,000 after buying an additional 715,400 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Crh Plc by 1,267.2% in the second quarter. JPMorgan Chase & Co. now owns 365,120 shares of the company’s stock worth $10,800,000 after buying an additional 338,415 shares in the last quarter. 7.37% of the stock is currently owned by institutional investors.
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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