Shares of Crh Plc (NYSE:CRH) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $40.00.
A number of brokerages have commented on CRH. Zacks Investment Research upgraded CRH from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, February 8th. BNP Paribas upgraded CRH from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley upgraded CRH from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 17th.
Shares of CRH (NYSE:CRH) traded down $0.47 during mid-day trading on Thursday, reaching $34.11. The company’s stock had a trading volume of 701,668 shares, compared to its average volume of 863,158. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.62. CRH has a 12 month low of $32.47 and a 12 month high of $39.32. The firm has a market capitalization of $28,410.00, a P/E ratio of 13.02, a P/E/G ratio of 1.96 and a beta of 0.97.
Hedge funds and other institutional investors have recently modified their holdings of the company. We Are One Seven LLC acquired a new position in shares of CRH during the fourth quarter worth approximately $169,000. Glovista Investments LLC acquired a new position in shares of CRH during the third quarter worth approximately $204,000. SG Americas Securities LLC acquired a new position in shares of CRH during the third quarter worth approximately $271,000. Financial Counselors Inc. acquired a new position in shares of CRH during the third quarter worth approximately $303,000. Finally, ETRADE Capital Management LLC acquired a new position in shares of CRH during the fourth quarter worth approximately $336,000. Institutional investors and hedge funds own 3.50% of the company’s stock.
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 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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