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

CRH plc (NYSE:CRH) has earned an average recommendation of “Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $107.75.

CRH has been the topic of a number of recent research reports. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Morgan Stanley lifted their price objective on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Barclays started coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock. Finally, StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Wednesday.

CRH Stock Down 2.3 %

NYSE CRH opened at $100.26 on Friday. CRH has a 12-month low of $71.18 and a 12-month high of $110.97. The company has a market capitalization of $68.09 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. The firm’s 50 day moving average is $97.97 and its 200-day moving average is $94.52.

Hedge Funds Weigh In On CRH

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors boosted its position in CRH by 4.9% during the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after purchasing an additional 109 shares during the period. Covestor Ltd boosted its position in CRH by 20.4% during the fourth quarter. Covestor Ltd now owns 755 shares of the construction company’s stock worth $70,000 after purchasing an additional 128 shares during the period. Parallel Advisors LLC boosted its position in CRH by 1.9% during the fourth quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company’s stock worth $630,000 after purchasing an additional 129 shares during the period. Lindbrook Capital LLC boosted its position in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after purchasing an additional 135 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in CRH by 3.2% during the fourth quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company’s stock worth $405,000 after purchasing an additional 136 shares during the period. 62.50% of the stock is owned by institutional investors.

About CRH

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.