Crh Plc (CRH) Receives Average Rating of “Buy” from Analysts
Shares of Crh Plc (NYSE:CRH) have received a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $37.00.
A number of equities research analysts have commented on the company. Bank of America restated a “buy” rating on shares of CRH in a research report on Friday, August 31st. ValuEngine lowered CRH from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd.
Several institutional investors and hedge funds have recently bought and sold shares of CRH. Checchi Capital Advisers LLC purchased a new stake in shares of CRH during the 2nd quarter worth about $202,000. M&T Bank Corp purchased a new stake in shares of CRH during the 1st quarter worth about $217,000. Atria Investments LLC purchased a new stake in shares of CRH during the 2nd quarter worth about $220,000. Raymond James Trust N.A. raised its stake in shares of CRH by 23.6% during the 2nd quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock worth $300,000 after purchasing an additional 1,624 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of CRH by 108.7% during the 2nd quarter. SG Americas Securities LLC now owns 9,526 shares of the construction company’s stock worth $337,000 after purchasing an additional 4,961 shares in the last quarter. 4.60% of the stock is owned by institutional investors.
The company also recently declared a special dividend, which will be paid on Wednesday, October 3rd. Stockholders of record on Friday, September 7th will be paid a dividend of $0.2283 per share. The ex-dividend date is Thursday, September 6th. CRH’s dividend payout ratio (DPR) is presently 14.80%.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.
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