CRH’s (CRH) Buy Rating Reaffirmed at Citigroup

CRH (NYSE:CRHGet Rating)‘s stock had its “buy” rating reissued by stock analysts at Citigroup in a research note issued on Friday, The Fly reports.

A number of other research firms have also recently commented on CRH. Barclays raised shares of CRH from an “equal weight” rating to an “overweight” rating in a report on Tuesday, April 19th. Credit Suisse Group cut their price target on CRH from €54.00 ($56.25) to €52.00 ($54.17) in a research note on Thursday, March 17th. JPMorgan Chase & Co. boosted their price objective on CRH from €58.00 ($60.42) to €59.00 ($61.46) and gave the company an “overweight” rating in a research note on Friday, April 22nd. Redburn Partners lowered shares of CRH from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 22nd. Finally, StockNews.com lowered shares of CRH from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 18th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $51.49.

CRH stock traded down $0.17 during mid-day trading on Friday, hitting $35.39. The company had a trading volume of 6,152 shares, compared to its average volume of 480,583. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.85. CRH has a 12 month low of $35.18 and a 12 month high of $54.54. The stock’s fifty day moving average price is $39.67 and its two-hundred day moving average price is $45.12.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Icon Wealth Partners LLC boosted its stake in CRH by 2.0% during the fourth quarter. Icon Wealth Partners LLC now owns 10,025 shares of the construction company’s stock valued at $529,000 after buying an additional 193 shares during the period. Glassman Wealth Services boosted its holdings in shares of CRH by 65.2% in the 4th quarter. Glassman Wealth Services now owns 651 shares of the construction company’s stock worth $34,000 after purchasing an additional 257 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of CRH by 3.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,077 shares of the construction company’s stock valued at $374,000 after purchasing an additional 263 shares during the last quarter. BTC Capital Management Inc. raised its holdings in shares of CRH by 1.3% during the 4th quarter. BTC Capital Management Inc. now owns 23,976 shares of the construction company’s stock valued at $1,266,000 after buying an additional 308 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in CRH by 6.3% in the 4th quarter. Hancock Whitney Corp now owns 5,318 shares of the construction company’s stock worth $280,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 12.67% of the company’s stock.

About CRH (Get Rating)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.

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