CRH plc (NYSE:CRH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CRH plc (NYSE:CRHGet Free Report) have received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $60.70.

A number of brokerages have weighed in on CRH. DA Davidson began coverage on shares of CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 target price for the company. Citigroup increased their target price on shares of CRH from $75.61 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 19th. Truist Financial started coverage on shares of CRH in a research report on Thursday, December 14th. They issued a “buy” rating and a $81.00 price objective on the stock. The Goldman Sachs Group started coverage on shares of CRH in a research report on Monday, November 6th. They issued a “neutral” rating and a $58.00 target price on the stock. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

Read Our Latest Stock Report on CRH

Institutional Trading of CRH

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRH. Barclays PLC bought a new stake in CRH in the third quarter valued at approximately $941,562,000. California Public Employees Retirement System bought a new position in shares of CRH during the 3rd quarter worth approximately $73,833,000. Soros Fund Management LLC bought a new position in shares of CRH during the 2nd quarter worth approximately $19,506,000. Swiss National Bank bought a new position in shares of CRH during the 3rd quarter worth approximately $150,498,000. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of CRH during the 3rd quarter worth approximately $418,653,000. 8.21% of the stock is owned by institutional investors.

CRH Stock Up 0.1 %

NYSE:CRH opened at $73.83 on Tuesday. CRH has a 12 month low of $46.06 and a 12 month high of $75.38. The firm has a fifty day simple moving average of $68.97 and a 200-day simple moving average of $61.41. The company has a current ratio of 1.34, a quick ratio of 0.96 and a debt-to-equity ratio of 0.35.

CRH Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 15th were given a dividend of $1.08 per share. The ex-dividend date was Thursday, December 14th. This represents a yield of 2.2%. This is a positive change from CRH’s previous semi-annual dividend of $0.25.

CRH Company Profile

(Get Free Report

CRH plc, through its subsidiaries, manufactures and distributes building materials in Ireland and internationally. It operates through 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, kerbs, retaining walls, and related patio products; It also offers precast concrete and polymer-based products, such as underground vaults, drainage pipes and structures, utility enclosures, and modular precast structures to the water, energy, communication, transportation, and building structures markets; and construction accessories, such as engineered anchoring, fixing, and connection solutions, as well as lifting systems, formwork accessories, and other accessories used in construction applications.

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Analyst Recommendations for CRH (NYSE:CRH)

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