CRH plc (NYSE:CRH) Given Consensus Recommendation of “Buy” by Brokerages

CRH plc (NYSE:CRHGet Free Report) has received an average rating of “Buy” from the twelve research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $105.55.

A number of equities research analysts have recently weighed in on the stock. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday. DA Davidson raised their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th.

View Our Latest Stock Analysis on CRH

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRH. FMR LLC increased its position in shares of CRH by 33.4% in the third quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock valued at $3,341,258,000 after buying an additional 9,055,354 shares in the last quarter. Greenhaven Associates Inc. increased its holdings in CRH by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 11,155,273 shares of the construction company’s stock valued at $1,034,540,000 after acquiring an additional 35,209 shares in the last quarter. Bank of New York Mellon Corp raised its position in CRH by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 8,618,144 shares of the construction company’s stock worth $646,188,000 after acquiring an additional 431,172 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of CRH by 35,497.5% in the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after purchasing an additional 5,068,682 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after purchasing an additional 4,825,752 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

CRH Price Performance

Shares of NYSE:CRH opened at $99.18 on Thursday. The firm’s 50-day moving average is $91.92 and its two-hundred day moving average is $84.52. CRH has a 1 year low of $58.57 and a 1 year high of $102.51. The firm has a market capitalization of $67.71 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.29.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is currently 32.00%.

About CRH

(Get Free Report

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.

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Analyst Recommendations for CRH (NYSE:CRH)

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