Zacks Investment Research lowered shares of CRH (NYSE:CRH) from a hold rating to a sell rating in a report published on Monday, Zacks.com reports.

According to Zacks, “CRH plc manufactures cement, concrete products, aggregates, roofing, instulation and other building materials. Through its subsidiaries, the Company operates in Ireland, the United States, the United Kingdom, Spain, Germany and the Netherlands. “

A number of other research firms also recently weighed in on CRH. Clarus Securities reissued a positive rating on shares of CRH in a research note on Monday, March 18th. Deutsche Bank reissued a hold rating on shares of Tata Motors in a research note on Tuesday, March 26th. Berenberg Bank reissued a buy rating and set a GBX 3,620 ($47.30) price target on shares of Bellway in a research note on Wednesday, April 3rd. Credit Suisse Group reissued a hold rating and set a $32.00 price target on shares of CRH in a research note on Friday, July 5th. Finally, Barclays boosted their price target on shares of from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an overweight rating in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $33.50.

Shares of CRH traded up $0.22 on Monday, reaching $33.19. 276,100 shares of the company’s stock were exchanged, compared to its average volume of 504,964. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.56 and a quick ratio of 1.06. The stock has a market cap of $28.20 billion, a PE ratio of 14.49 and a beta of 0.93. The stock’s 50 day simple moving average is $32.36. CRH has a 12 month low of $24.62 and a 12 month high of $36.01.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank increased its holdings in shares of CRH by 1.1% in the fourth quarter. Comerica Bank now owns 50,298 shares of the construction company’s stock valued at $1,457,000 after purchasing an additional 528 shares during the last quarter. LPL Financial LLC increased its stake in CRH by 8.5% during the fourth quarter. LPL Financial LLC now owns 27,323 shares of the construction company’s stock worth $720,000 after acquiring an additional 2,146 shares during the last quarter. Advisor Group Inc. increased its stake in CRH by 24.4% during the fourth quarter. Advisor Group Inc. now owns 5,584 shares of the construction company’s stock worth $148,000 after acquiring an additional 1,096 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in CRH by 19.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,164,845 shares of the construction company’s stock worth $57,044,000 after acquiring an additional 355,932 shares during the last quarter. Finally, Natixis Advisors L.P. increased its stake in CRH by 2.9% during the fourth quarter. Natixis Advisors L.P. now owns 103,144 shares of the construction company’s stock worth $2,717,000 after acquiring an additional 2,955 shares during the last quarter. 4.48% of the stock is owned by institutional investors and hedge funds.

About CRH

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.

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Analyst Recommendations for CRH (NYSE:CRH)

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