Crh Plc (CRH) Trading Down 3.1%
Crh Plc (NYSE:CRH) fell 3.1% on Friday . The company traded as low as $32.34 and last traded at $32.39, with a volume of 2,376,892 shares trading hands. The stock had previously closed at $33.43.
A number of brokerages recently weighed in on CRH. Beaufort Securities reaffirmed a “hold” rating on shares of Crh Plc in a research note on Friday, August 26th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Crh Plc in a research note on Tuesday, May 31st. BNP Paribas reaffirmed an “outperform” rating on shares of Crh Plc in a research note on Tuesday, June 21st. Numis Securities Ltd downgraded shares of Crh Plc from an “add” rating to a “hold” rating in a research note on Friday, August 26th. Finally, Zacks Investment Research raised shares of Crh Plc from a “hold” rating to a “strong-buy” rating and set a $39.00 target price on the stock in a research note on Thursday, September 8th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $32.00.
The stock has a 50-day moving average of $32.27 and a 200 day moving average of $29.71. The stock has a market cap of $26.52 billion, a PE ratio of 24.69 and a beta of 1.31.
The business also recently disclosed a dividend, which will be paid on Monday, November 14th. Investors of record on Friday, September 9th will be paid a dividend of $0.204 per share. The ex-dividend date is Wednesday, September 7th.
Several hedge funds and other institutional investors have recently made changes to their positions in CRH. Boston Partners acquired a new position in Crh Plc during the second quarter worth approximately $235,032,000. Emerald Acquisition Ltd. acquired a new position in Crh Plc during the second quarter worth approximately $54,872,000. Bank of Montreal Can acquired a new position in Crh Plc during the second quarter worth approximately $21,285,000. FMR LLC boosted its position in Crh Plc by 9.4% in the second quarter. FMR LLC now owns 8,336,300 shares of the company’s stock worth $246,587,000 after buying an additional 715,400 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Crh Plc by 1,267.2% in the second quarter. JPMorgan Chase & Co. now owns 365,120 shares of the company’s stock worth $10,800,000 after buying an additional 338,415 shares in the last quarter. Institutional investors own 7.41% of the company’s stock.
About Crh Plc
CRH plc manufactures and distributes a range of products servicing the construction needs, from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal.
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