Analysts Set Crh Plc (CRH) Target Price at $32.50
Crh Plc (NYSE:CRH) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $32.50.
CRH has been the subject of a number of research analyst reports. BidaskClub downgraded Crh Plc from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Morgan Stanley upgraded Crh Plc from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $30.50 to $32.50 in a research report on Wednesday, September 13th. Finally, Jefferies Group LLC initiated coverage on Crh Plc in a research report on Wednesday, September 27th. They issued a “buy” rating for the company.
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Crh Plc (NYSE CRH) traded down 1.84% during trading on Friday, reaching $36.25. The company had a trading volume of 512,443 shares. Crh Plc has a 52-week low of $31.55 and a 52-week high of $38.06. The company has a 50-day moving average of $35.61 and a 200-day moving average of $35.66. The firm has a market capitalization of $30.25 billion, a P/E ratio of 19.05 and a beta of 0.97.
The business also recently declared a None dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, September 8th will be issued a $0.226 dividend. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 1.33%. This is a boost from Crh Plc’s previous None dividend of $0.20.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its holdings in shares of Crh Plc by 5.0% in the second quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock valued at $101,000 after buying an additional 135 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Crh Plc by 781.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock valued at $134,000 after buying an additional 3,361 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Crh Plc in the second quarter valued at $149,000. Advisor Group Inc. increased its holdings in shares of Crh Plc by 38.6% in the second quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock valued at $160,000 after buying an additional 1,259 shares in the last quarter. Finally, Grove Bank & Trust increased its holdings in shares of Crh Plc by 69.3% in the second quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock valued at $174,000 after buying an additional 2,010 shares in the last quarter. 4.05% of the stock is currently owned by institutional investors.
About Crh Plc
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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