Berenberg Bank Trims Crh Plc (CRH) Target Price to GBX 3,430
Crh Plc (LON:CRH) had its price target trimmed by Berenberg Bank from GBX 3,460 ($44.75) to GBX 3,430 ($44.36) in a research note released on Tuesday. The brokerage currently has a buy rating on the stock.
A number of other research analysts have also weighed in on CRH. Societe Generale set a GBX 3,400 ($43.97) price objective on Crh Plc and gave the company a buy rating in a research report on Friday, August 25th. Beaufort Securities reaffirmed a buy rating and set a GBX 3,200 ($41.39) price objective (up previously from GBX 3,100 ($40.09)) on shares of Crh Plc in a research report on Friday, August 25th. UBS AG set a GBX 3,200 ($41.39) price objective on Crh Plc and gave the company a buy rating in a research report on Thursday, August 24th. Numis Securities Ltd reaffirmed an add rating and set a GBX 3,170 ($41.00) price objective on shares of Crh Plc in a research report on Tuesday. Finally, Sanford C. Bernstein set a GBX 2,752 ($35.59) price objective on Crh Plc and gave the company a neutral rating in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of GBX 3,169 ($40.99).
Shares of Crh Plc (LON:CRH) opened at 2749.00 on Tuesday. The stock has a 50 day moving average price of GBX 2,712.61 and a 200-day moving average price of GBX 2,781.09. The company’s market capitalization is GBX 22.94 billion. Crh Plc has a 52 week low of GBX 2,297.70 and a 52 week high of GBX 3,342.00.
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The firm also recently announced a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 7th will be paid a dividend of €0.19 ($0.23) per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 0.63%.
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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