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

CRH plc (NYSE:CRH) has been given a consensus rating of “Buy” by the thirteen research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $107.75.

A number of equities analysts recently issued reports on CRH shares. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Citigroup lowered their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Monday, January 6th. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Morgan Stanley increased their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th.

CRH Trading Down 2.3 %

CRH opened at $98.97 on Tuesday. CRH has a 12 month low of $69.91 and a 12 month high of $104.23. The stock has a fifty day moving average price of $97.35 and a 200-day moving average price of $91.65. The firm has a market cap of $67.22 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.09 and a beta of 1.31.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were paid a dividend of $0.262 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a yield of 1.4%. CRH’s payout ratio is 21.00%.

Hedge Funds Weigh In On CRH

Several hedge funds and other institutional investors have recently made changes to their positions in CRH. Arkadios Wealth Advisors lifted its stake in CRH by 4.9% in the fourth quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company’s stock worth $216,000 after acquiring an additional 109 shares during the last quarter. Grove Bank & Trust lifted its position in shares of CRH by 9.5% during the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares during the last quarter. UMB Bank n.a. grew its stake in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares in the last quarter. CVA Family Office LLC raised its stake in CRH by 2.1% in the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after buying an additional 128 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.