StockNews.com Initiates Coverage on CRH (NYSE:CRH)

Equities researchers at StockNews.com initiated coverage on shares of CRH (NYSE:CRH – Get Rating) in a report released on Thursday. The firm set a “strong-buy” rating on the construction company’s stock.

Several other equities research analysts also recently issued reports on CRH. Credit Suisse Group lowered their price target on CRH from €50.00 ($53.76) to €48.00 ($51.61) and set an “outperform” rating for the company in a report on Wednesday, November 23rd. Redburn Partners raised CRH from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. cut their price objective on CRH from €50.00 ($53.76) to €48.00 ($51.61) and set an “overweight” rating for the company in a research report on Thursday, December 8th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, CRH presently has an average rating of “Buy” and a consensus target price of $48.00.

CRH Trading Down 4.1 %

CRH stock opened at $48.18 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.67 and a quick ratio of 1.19. CRH has a 52 week low of $31.22 and a 52 week high of $52.20. The business’s fifty day moving average is $47.05 and its two-hundred day moving average is $40.52.

Institutional Investors Weigh In On CRH

Institutional investors and hedge funds have recently made changes to their positions in the business. Heritage Wealth Management LLC boosted its holdings in CRH by 100.0% in the fourth quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company’s stock worth $28,000 after acquiring an additional 350 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in CRH by 53.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the construction company’s stock worth $41,000 after buying an additional 359 shares during the last quarter. Ronald Blue Trust Inc. increased its position in CRH by 116.1% in the fourth quarter. Ronald Blue Trust Inc. now owns 1,275 shares of the construction company’s stock worth $41,000 after buying an additional 685 shares during the last quarter. CWM LLC boosted its holdings in shares of CRH by 81.2% in the fourth quarter. CWM LLC now owns 1,294 shares of the construction company’s stock worth $51,000 after acquiring an additional 580 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of CRH in the fourth quarter worth $54,000. Institutional investors own 5.51% of the company’s stock.

About CRH

(Get Rating)

CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Americas Materials, Europe Materials, and Building Products. The Americas Materials segment provides asphalt paving services and produces materials such as cement, aggregates, ready mixed concrete, and asphalt.