CRH (NYSE:CRH) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of CRH (NYSE:CRHGet Rating) from a buy rating to a strong-buy rating in a report published on Tuesday.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price target on CRH from €58.00 ($61.05) to €59.00 ($62.11) and gave the stock an overweight rating in a research note on Friday, April 22nd. Redburn Partners cut CRH from a buy rating to a neutral rating in a research note on Tuesday, March 22nd. Barclays upgraded CRH from an equal weight rating to an overweight rating in a research note on Tuesday, April 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on CRH from €56.00 ($58.95) to €50.00 ($52.63) and set a buy rating on the stock in a research note on Tuesday, April 19th. Finally, Zacks Investment Research cut CRH from a buy rating to a hold rating in a research note on Wednesday, March 9th. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of $53.09.

NYSE:CRH opened at $38.16 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.85. The stock’s fifty day moving average is $40.90 and its two-hundred day moving average is $46.98. CRH has a 52 week low of $37.55 and a 52 week high of $54.54.

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 12th. Shareholders of record on Thursday, March 17th will be paid a $0.2266 dividend. The ex-dividend date of this dividend is Wednesday, March 16th. This is a boost from CRH’s previous semi-annual dividend of $0.22. This represents a yield of 3.1%.

Institutional investors have recently bought and sold shares of the business. KB Financial Partners LLC acquired a new stake in CRH in the fourth quarter valued at $25,000. CWM LLC acquired a new stake in CRH in the fourth quarter valued at $26,000. Standard Family Office LLC acquired a new stake in CRH in the fourth quarter valued at $27,000. EverSource Wealth Advisors LLC acquired a new stake in CRH in the fourth quarter valued at $27,000. Finally, Evolution Wealth Advisors LLC acquired a new stake in CRH in the third quarter valued at $29,000. Institutional investors own 12.67% 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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