CRH plc (NYSE:CRH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CRH plc (NYSE:CRHGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $60.70.

A number of research firms have weighed in on CRH. DA Davidson assumed coverage on shares of CRH in a research note on Friday, January 19th. They set a “buy” rating and a $82.00 price objective for the company. StockNews.com downgraded shares of CRH from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Truist Financial assumed coverage on shares of CRH in a research report on Thursday, December 14th. They set a “buy” rating and a $81.00 price objective on the stock. Citigroup increased their target price on CRH from $75.61 to $76.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Finally, The Goldman Sachs Group started coverage on shares of CRH in a research report on Monday, November 6th. They set a “neutral” rating and a $58.00 target price for the company.

Check Out Our Latest Report on CRH

Institutional Investors Weigh In On CRH

Several institutional investors have recently made changes to their positions in CRH. Vanguard Group Inc. purchased a new position in CRH in the third quarter worth $1,484,901,000. Barclays PLC purchased a new position in shares of CRH during the third quarter worth $941,562,000. Norges Bank acquired a new position in CRH during the fourth quarter valued at $1,014,454,000. Greenhaven Associates Inc. grew its position in CRH by 428.0% during the 3rd quarter. Greenhaven Associates Inc. now owns 11,038,427 shares of the construction company’s stock worth $604,133,000 after purchasing an additional 8,947,902 shares during the period. Finally, Invesco Ltd. raised its position in CRH by 1,136.3% during the third quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock valued at $469,982,000 after acquiring an additional 7,892,691 shares in the last quarter. Institutional investors own 8.21% of the company’s stock.

CRH Stock Up 0.1 %

Shares of NYSE:CRH opened at $73.83 on Tuesday. CRH has a 12 month low of $46.06 and a 12 month high of $75.38. The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $68.97 and a 200-day moving average price of $61.41.

CRH Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Wednesday, January 17th. Investors of record on Friday, December 15th were issued a $1.08 dividend. This is an increase from CRH’s previous semi-annual dividend of $0.25. The ex-dividend date was Thursday, December 14th. This represents a dividend yield of 2.2%.

CRH Company Profile

(Get Free Report

CRH plc, through its subsidiaries, manufactures and distributes building materials in Ireland and internationally. It operates through 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, kerbs, retaining walls, and related patio products; It also offers precast concrete and polymer-based products, such as underground vaults, drainage pipes and structures, utility enclosures, and modular precast structures to the water, energy, communication, transportation, and building structures markets; and construction accessories, such as engineered anchoring, fixing, and connection solutions, as well as lifting systems, formwork accessories, and other accessories used in construction applications.

Featured Stories

Analyst Recommendations for CRH (NYSE:CRH)

Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.