CRH plc (NYSE:CRH) Receives Average Recommendation of “Buy” from Analysts

CRH plc (NYSE:CRH) has received a consensus rating of “Buy” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $106.42.

Several equities analysts have recently weighed in on the company. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. DA Davidson increased their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

CRH Trading Up 0.2 %

Shares of NYSE CRH opened at $103.00 on Monday. CRH has a 12 month low of $62.80 and a 12 month high of $104.23. The firm has a fifty day simple moving average of $96.43 and a two-hundred day simple moving average of $87.10. The firm has a market capitalization of $69.96 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 1.31 and a beta of 1.29.

CRH Cuts Dividend

The firm also recently disclosed 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 of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio (DPR) is currently 37.20%.

Institutional Investors Weigh In On CRH

Several institutional investors have recently modified their holdings of CRH. LGT Group Foundation boosted its position in shares of CRH by 8,189.3% during the second quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after buying an additional 1,580,527 shares during the period. Assenagon Asset Management S.A. increased its stake in CRH by 35.7% in the second quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock worth $317,778,000 after purchasing an additional 1,114,177 shares during the period. M&G Plc bought a new stake in shares of CRH during the second quarter worth $2,745,000. CWM LLC grew its holdings in shares of CRH by 91.2% in the third quarter. CWM LLC now owns 4,064 shares of the construction company’s stock worth $377,000 after purchasing an additional 1,938 shares during the last quarter. Finally, Diversified Trust Co grew its holdings in shares of CRH by 51.3% in the second quarter. Diversified Trust Co now owns 41,938 shares of the construction company’s stock worth $3,145,000 after purchasing an additional 14,222 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Company Profile

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.