Crh Plc (CRH) Given Consensus Rating of “Buy” by Analysts

Crh Plc (NYSE:CRH) has received an average recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.00.

CRH has been the topic of several recent research reports. Credit Suisse Group initiated coverage on CRH in a research report on Tuesday, February 26th. They set a “neutral” rating on the stock. UBS Group reissued a “buy” rating on shares of CRH in a research report on Thursday, February 28th. ValuEngine raised CRH from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Clarus Securities reissued a “positive” rating on shares of CRH in a research report on Monday, March 18th. Finally, Deutsche Bank reissued a “neutral” rating on shares of CRH in a research report on Tuesday, March 26th.

Institutional investors and hedge funds have recently made changes to their positions in the business. Private Capital Group LLC raised its position in shares of CRH by 336.2% in the 1st quarter. Private Capital Group LLC now owns 916 shares of the construction company’s stock valued at $28,000 after purchasing an additional 706 shares in the last quarter. Cornerstone Advisors Inc. raised its position in shares of CRH by 102.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 980 shares of the construction company’s stock valued at $30,000 after purchasing an additional 497 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of CRH by 82.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,101 shares of the construction company’s stock valued at $29,000 after purchasing an additional 497 shares in the last quarter. Cresset Asset Management LLC raised its position in shares of CRH by 401.7% in the 1st quarter. Cresset Asset Management LLC now owns 1,169 shares of the construction company’s stock valued at $37,000 after purchasing an additional 936 shares in the last quarter. Finally, Lindbrook Capital LLC acquired a new position in shares of CRH in the 4th quarter valued at approximately $36,000. 4.48% of the stock is currently owned by institutional investors.

CRH stock traded up $0.01 during midday trading on Friday, hitting $32.39. 50,694 shares of the company were exchanged, compared to its average volume of 486,707. The firm has a market capitalization of $27.16 billion, a PE ratio of 14.10 and a beta of 0.93. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.56. CRH has a fifty-two week low of $24.62 and a fifty-two week high of $38.46.

CRH Company Profile

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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