Crh Plc (NYSE:CRH) Stock Has Average Price Target of $127.61 According to Brokerages

Crh Plc (NYSE:CRH – Get Free Report) has been assigned a consensus recommendation of “Buy” from the twenty brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $126.50.

Several equities analysts have weighed in on CRH shares. Royal Bank Of Canada cut their target price on CRH from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Wells Fargo & Company cut their price target on shares of CRH from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Stephens cut their price target on shares of CRH from $125.00 to $105.00 and set an “overweight” rating on the stock in a research report on Friday, October 2nd. Rothschild & Co Redburn reduced their price objective on shares of CRH from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 1st. Finally, Citigroup lowered their target price on shares of CRH from $122.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, October 2nd.

Check Out Our Latest Report on CRH

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in shares of CRH by 135.9% during the third quarter. IFP Advisors Inc now owns 2,154 shares of the construction company’s stock worth $178,000 after buying an additional 1,241 shares in the last quarter. Frank Rimerman Advisors LLC raised its position in CRH by 4.3% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 14,640 shares of the construction company’s stock valued at $1,212,000 after buying an additional 602 shares during the last quarter. Kintegral Advisory LLC lifted its stake in CRH by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 54,217 shares of the construction company’s stock valued at $4,489,000 after acquiring an additional 306 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in CRH by 5.7% in the 3rd quarter. V Square Quantitative Management LLC now owns 14,335 shares of the construction company’s stock valued at $1,187,000 after acquiring an additional 773 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in CRH by 142.2% in the 3rd quarter. Mather Group LLC. now owns 125,057 shares of the construction company’s stock valued at $10,355,000 after acquiring an additional 73,419 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 0.5%

Shares of NYSE:CRH opened at $83.18 on Thursday. The stock has a market capitalization of $55.34 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.51 and a beta of 1.31. CRH has a 1-year low of $78.62 and a 1-year high of $131.55. The business has a 50-day moving average price of $88.87 and a two-hundred day moving average price of $100.80.

CRH (NYSE:CRH – Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The construction company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.19. The business had revenue of $10.78 billion during the quarter, compared to the consensus estimate of $10.68 billion. CRH had a net margin of 9.93% and a return on equity of 15.76%. CRH’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 earnings per share. As a group, equities analysts predict that CRH will post 5.83 EPS for the current year.

CRH Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 16th. Investors of record on Friday, August 14th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 14th. CRH’s dividend payout ratio (DPR) is presently 27.51%.

CRH Company Profile

(Get Free Report)

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its activities include the production and distribution of aggregates, asphalt, ready-mixed concrete, cement and other construction materials, as well as value-added products such as precast concrete, architectural products and site-development solutions.

The company serves customers across North America and Europe, including contractors, construction companies, infrastructure developers, distributors and public-sector organizations.

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Analyst Recommendations for CRH (NYSE:CRH)

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