Crh Plc’s (CRH) “Hold” Rating Reaffirmed at Beaufort Securities
A number of other research firms also recently weighed in on CRH. Numis Securities Ltd downgraded Crh Plc from an add rating to a hold rating in a research report on Friday, August 26th. Societe Generale downgraded Crh Plc from a buy rating to a hold rating in a research report on Friday, August 26th. Zacks Investment Research upgraded Crh Plc from a hold rating to a strong-buy rating and set a $39.00 target price for the company in a research report on Thursday, September 8th. Finally, Canaccord Genuity upgraded Crh Plc from a hold rating to a buy rating in a research report on Wednesday, November 2nd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Crh Plc has a consensus rating of Buy and an average target price of $32.00.
Shares of Crh Plc (NYSE:CRH) traded down 1.26% during midday trading on Friday, reaching $33.73. The company’s stock had a trading volume of 1,728,577 shares. Crh Plc has a 12 month low of $23.33 and a 12 month high of $35.88. The stock has a 50-day moving average of $33.00 and a 200 day moving average of $31.21. The company has a market cap of $27.83 billion, a price-to-earnings ratio of 26.81 and a beta of 1.16.
The firm also recently declared a dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, September 9th were issued a $0.204 dividend. The ex-dividend date was Wednesday, September 7th.
Large investors have recently made changes to their positions in the company. Checchi Capital Advisers LLC increased its stake in shares of Crh Plc by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,213 shares of the company’s stock valued at $125,000 after buying an additional 78 shares during the period. Advisor Group Inc. acquired a new stake in shares of Crh Plc during the second quarter valued at about $133,000. Acadian Asset Management LLC increased its stake in shares of Crh Plc by 130.3% in the third quarter. Acadian Asset Management LLC now owns 5,043 shares of the company’s stock valued at $168,000 after buying an additional 2,853 shares during the period. BOKF NA acquired a new stake in shares of Crh Plc during the third quarter valued at about $202,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Crh Plc during the third quarter valued at about $213,000. Institutional investors own 7.36% of the company’s stock.
About Crh Plc
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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