CRH plc (NYSE:CRH – Get Free Report) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $109.25.
Several equities analysts have recently weighed in on CRH shares. Citigroup decreased their target price on CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their target price on CRH from $118.00 to $114.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Berenberg Bank set a $120.00 price objective on CRH in a research report on Friday, February 28th.
View Our Latest Research Report on CRH
Institutional Investors Weigh In On CRH
CRH Price Performance
NYSE CRH opened at $95.99 on Wednesday. The company has a market cap of $64.98 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The stock’s 50 day simple moving average is $99.52 and its 200-day simple moving average is $96.25. CRH has a 1-year low of $71.18 and a 1-year high of $110.97.
CRH Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is a boost from CRH’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 1.54%. CRH’s dividend payout ratio (DPR) is 15.51%.
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.
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