CRH plc (NYSE:CRH) Given Consensus Recommendation of “Buy” by Brokerages

CRH plc (NYSE:CRH – Get Rating) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $48.00.

Several brokerages recently commented on CRH. Redburn Partners upgraded shares of CRH from a “neutral” rating to a “buy” rating in a report on Tuesday, January 3rd. Credit Suisse Group decreased their target price on shares of CRH from €50.00 ($53.19) to €48.00 ($51.06) and set an “outperform” rating on the stock in a research report on Wednesday, November 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of CRH from €50.00 ($53.19) to €48.00 ($51.06) and set an “overweight” rating on the stock in a research report on Thursday, December 8th.

CRH Trading Up 0.0 %

NYSE CRH opened at $51.68 on Tuesday. CRH has a 12 month low of $31.22 and a 12 month high of $52.08. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company’s 50 day simple moving average is $45.68 and its 200 day simple moving average is $39.94.

Institutional Investors Weigh In On CRH

Hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC boosted its stake in CRH by 2.8% during the fourth quarter. Cerity Partners LLC now owns 9,905 shares of the construction company’s stock worth $394,000 after acquiring an additional 266 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of CRH by 0.5% in the third quarter. Crossmark Global Holdings Inc. now owns 63,883 shares of the construction company’s stock worth $2,059,000 after purchasing an additional 305 shares during the period. Heritage Wealth Management LLC boosted its position in shares of CRH by 100.0% during the fourth quarter. Heritage Wealth Management LLC now owns 700 shares of the construction company’s stock worth $28,000 after acquiring an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of CRH by 53.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the construction company’s stock worth $41,000 after acquiring an additional 359 shares during the last quarter. Finally, Mission Wealth Management LP raised its stake in CRH by 2.7% during the fourth quarter. Mission Wealth Management LP now owns 13,653 shares of the construction company’s stock valued at $543,000 after purchasing an additional 365 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

About CRH

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CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Americas Materials, Europe Materials, and Building Products. The Americas Materials segment provides asphalt paving services and produces materials such as cement, aggregates, ready mixed concrete, and asphalt.