Shares of Crh Plc (NYSE:CRH) have been given an average rating of “Buy” by the fourteen brokerages that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.80.
Several brokerages have commented on CRH. Kepler Capital Markets downgraded shares of CRH from a “hold” rating to a “reduce” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of CRH in a report on Tuesday, November 26th. Deutsche Bank reaffirmed a “buy” rating on shares of CRH in a report on Monday, October 14th. Zacks Investment Research raised shares of CRH from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a report on Monday. Finally, ValuEngine downgraded shares of CRH from a “hold” rating to a “sell” rating in a report on Saturday, October 19th.
NYSE:CRH traded down $0.06 during trading hours on Friday, hitting $38.82. The stock had a trading volume of 878,700 shares, compared to its average volume of 655,183. The company has a 50 day simple moving average of $39.45 and a two-hundred day simple moving average of $35.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 0.91. CRH has a one year low of $28.20 and a one year high of $40.88. The firm has a market capitalization of $32.89 billion, a price-to-earnings ratio of 16.93 and a beta of 0.94.
Several hedge funds and other institutional investors have recently bought and sold shares of CRH. Boston Partners lifted its holdings in shares of CRH by 38.7% during the 3rd quarter. Boston Partners now owns 9,687,870 shares of the construction company’s stock worth $333,120,000 after acquiring an additional 2,700,850 shares during the last quarter. Marshall Wace North America L.P. lifted its holdings in shares of CRH by 105,730.0% during the 2nd quarter. Marshall Wace North America L.P. now owns 211,660 shares of the construction company’s stock worth $6,931,000 after acquiring an additional 211,460 shares during the last quarter. Millennium Management LLC purchased a new position in CRH in the 3rd quarter worth $6,667,000. Royal Bank of Canada raised its position in CRH by 90.0% in the 2nd quarter. Royal Bank of Canada now owns 182,371 shares of the construction company’s stock worth $5,973,000 after purchasing an additional 86,405 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in CRH by 9.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 940,261 shares of the construction company’s stock worth $32,307,000 after purchasing an additional 83,926 shares during the period. 4.75% of the stock is owned by institutional investors.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.
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