Deutsche Bank Aktiengesellschaft Lowers CRH (NYSE:CRH) Price Target to €50.00

CRH (NYSE:CRHGet Rating) had its price objective cut by stock analysts at Deutsche Bank Aktiengesellschaft from €56.00 ($60.22) to €50.00 ($53.76) in a research note issued to investors on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the construction company’s stock.

A number of other research analysts also recently commented on CRH. Barclays raised CRH from an “equal weight” rating to an “overweight” rating in a report on Tuesday. StockNews.com downgraded CRH from a “strong-buy” rating to a “buy” rating in a report on Friday, March 25th. Redburn Partners downgraded CRH from a “buy” rating to a “neutral” rating in a report on Tuesday, March 22nd. Credit Suisse Group reduced their target price on CRH from €54.00 ($58.06) to €52.00 ($55.91) in a report on Thursday, March 17th. Finally, Zacks Investment Research downgraded CRH from a “buy” rating to a “hold” rating in a report on Wednesday, March 9th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CRH has a consensus rating of “Buy” and an average price target of $51.61.

CRH traded up $0.66 on Tuesday, reaching $39.70. The company’s stock had a trading volume of 37,478 shares, compared to its average volume of 669,429. CRH has a 1 year low of $37.59 and a 1 year high of $54.54. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $43.43 and its 200 day moving average is $47.75.

Institutional investors have recently made changes to their positions in the company. KB Financial Partners LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $25,000. CWM LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $26,000. Standard Family Office LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of CRH during the 4th quarter worth approximately $27,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in shares of CRH during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 12.52% of the company’s stock.

CRH Company Profile (Get Rating)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.

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