CRH (CRH) Earns Buy Rating from Analysts at Goldman Sachs Group
Goldman Sachs Group began coverage on shares of CRH (NYSE:CRH) in a research report released on Sunday morning, MarketBeat Ratings reports. The brokerage issued a buy rating on the construction company’s stock.
CRH has been the topic of several other reports. Zacks Investment Research raised CRH from a hold rating to a buy rating and set a $40.00 price objective on the stock in a report on Thursday, February 8th. Morgan Stanley raised CRH from an equal weight rating to an overweight rating in a report on Friday, November 17th. Finally, BNP Paribas raised CRH from an underperform rating to a neutral rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. CRH has a consensus rating of Buy and an average price target of $36.25.
Shares of CRH (CRH) opened at $34.13 on Friday. CRH has a twelve month low of $32.47 and a twelve month high of $39.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.17 and a current ratio of 1.62.
Institutional investors and hedge funds have recently modified their holdings of the company. We Are One Seven LLC purchased a new stake in shares of CRH during the 4th quarter worth approximately $169,000. Glovista Investments LLC purchased a new stake in shares of CRH during the 3rd quarter worth approximately $204,000. SG Americas Securities LLC purchased a new stake in CRH during the 3rd quarter valued at $271,000. Financial Counselors Inc. purchased a new stake in CRH during the 3rd quarter valued at $303,000. Finally, ETRADE Capital Management LLC purchased a new stake in CRH during the 4th quarter valued at $336,000. 3.50% of the stock is currently owned by institutional investors and hedge funds.
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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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