Morgan Stanley Upgrades Crh Plc (CRH) to “Overweight”
Crh Plc (NYSE:CRH) was upgraded by equities research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued on Friday.
Several other equities analysts also recently issued reports on CRH. BidaskClub downgraded shares of Crh Plc from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC started coverage on shares of Crh Plc in a report on Wednesday, September 27th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $32.50.
Shares of Crh Plc (NYSE CRH) traded up $0.52 on Friday, hitting $35.15. 285,900 shares of the stock traded hands, compared to its average volume of 569,656. Crh Plc has a 52 week low of $32.44 and a 52 week high of $38.06. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.60 and a quick ratio of 1.10.
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Hedge funds have recently bought and sold shares of the stock. Huntington National Bank lifted its holdings in Crh Plc by 5.0% in the second quarter. Huntington National Bank now owns 2,842 shares of the construction company’s stock worth $101,000 after purchasing an additional 135 shares during the period. Tower Research Capital LLC TRC lifted its holdings in 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 worth $134,000 after purchasing an additional 3,361 shares during the period. Acrospire Investment Management LLC acquired a new stake in Crh Plc in the second quarter worth about $149,000. Advisor Group Inc. lifted its holdings in Crh Plc by 38.6% in the second quarter. Advisor Group Inc. now owns 4,520 shares of the construction company’s stock worth $160,000 after purchasing an additional 1,259 shares during the period. Finally, Grove Bank & Trust lifted its holdings in Crh Plc by 69.3% in the second quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock worth $174,000 after purchasing an additional 2,010 shares during the period. 3.72% of the stock is owned by institutional investors and hedge funds.
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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