Crh Plc (NYSE:CRH) Receives $39.00 Consensus Target Price from Analysts
Shares of Crh Plc (NYSE:CRH) have been given an average recommendation of “Buy” by the thirteen ratings firms that are covering the firm. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $39.00.
A number of analysts have recently weighed in on the company. Zacks Investment Research raised Crh Plc from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a research note on Thursday, September 8th. Beaufort Securities reissued a “hold” rating on shares of Crh Plc in a research note on Friday, August 26th. Numis Securities Ltd lowered Crh Plc from an “add” rating to a “hold” rating in a research note on Friday, August 26th. BNP Paribas reissued an “outperform” rating on shares of Crh Plc in a research note on Tuesday, June 21st. Finally, Societe Generale lowered Crh Plc from a “buy” rating to a “hold” rating in a research note on Friday, August 26th.
Shares of Crh Plc (NYSE:CRH) opened at 33.03 on Tuesday. Crh Plc has a 52 week low of $23.33 and a 52 week high of $34.28. The firm’s 50-day moving average is $33.15 and its 200-day moving average is $30.20. The company has a market cap of $27.25 billion, a price-to-earnings ratio of 25.62 and a beta of 1.31.
The company also recently disclosed a dividend, which will be paid on Monday, November 14th. Shareholders of record on Friday, September 9th will be given a dividend of $0.204 per share. The ex-dividend date of this dividend is Wednesday, September 7th.
Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp raised its position in shares of Crh Plc by 546.9% in the second quarter. Stifel Financial Corp now owns 46,823 shares of the company’s stock valued at $1,385,000 after buying an additional 39,585 shares in the last quarter. Legal & General Group Plc raised its position in shares of Crh Plc by 4.1% in the second quarter. Legal & General Group Plc now owns 17,837 shares of the company’s stock valued at $528,000 after buying an additional 700 shares in the last quarter. FDx Advisors Inc. purchased a new position in shares of Crh Plc during the second quarter valued at approximately $613,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Crh Plc during the second quarter valued at approximately $2,828,000. Finally, Barclays PLC raised its position in shares of Crh Plc by 2.9% in the second quarter. Barclays PLC now owns 224,893 shares of the company’s stock valued at $6,652,000 after buying an additional 6,358 shares in the last quarter. 7.37% of the stock is owned by institutional investors and hedge funds.
Crh Plc Company Profile
CRH plc manufactures and distributes a range of products servicing the construction needs, from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal.
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