Analysts Set Crh Plc (CRH) Target Price at $32.50
Shares of Crh Plc (NYSE:CRH) have earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $32.50.
A number of equities analysts have commented on the stock. Jefferies Group LLC assumed coverage on shares of Crh Plc in a research note on Wednesday, September 27th. They issued a “buy” rating for the company. Morgan Stanley raised shares of Crh Plc from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $30.50 to $32.50 in a research note on Wednesday, September 13th. Finally, BidaskClub raised shares of Crh Plc from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 17th.
Crh Plc (NYSE CRH) traded up 0.05% during trading on Friday, hitting $37.46. 291,232 shares of the stock traded hands. The stock has a market cap of $31.26 billion, a PE ratio of 19.68 and a beta of 0.97. The company has a 50-day moving average price of $35.49 and a 200-day moving average price of $35.63. Crh Plc has a 12 month low of $31.55 and a 12 month high of $38.06.
The firm also recently disclosed a None dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, September 8th will be paid a $0.226 dividend. This is a boost from Crh Plc’s previous None dividend of $0.20. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 1.33%.
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Several institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. boosted its stake in shares of Crh Plc by 22.0% in the 3rd quarter. Eqis Capital Management Inc. now owns 10,630 shares of the construction company’s stock valued at $402,000 after purchasing an additional 1,919 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Crh Plc in the 2nd quarter valued at $420,000. Tower Research Capital LLC TRC boosted its stake in shares of Crh Plc by 781.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock valued at $134,000 after purchasing an additional 3,361 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Crh Plc by 148.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 43,101 shares of the construction company’s stock valued at $1,529,000 after purchasing an additional 25,772 shares in the last quarter. Finally, Shelton Capital Management boosted its stake in shares of Crh Plc by 3.5% in the 2nd quarter. Shelton Capital Management now owns 43,005 shares of the construction company’s stock valued at $1,525,000 after purchasing an additional 1,474 shares in the last quarter. 4.05% of the stock is owned by institutional investors.
Crh Plc Company Profile
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, Americas Distribution 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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