CRH (NYSE:CRH) Downgraded by Zacks Investment Research
According to Zacks, “CRH plc manufactures cement, concrete products, aggregates, roofing, instulation and other building materials. Through its subsidiaries, the Company operates in Ireland, the United States, the United Kingdom, Spain, Germany and the Netherlands. “
A number of other research analysts also recently issued reports on the company. Berenberg Bank reiterated a buy rating and set a GBX 3,620 ($47.30) price objective on shares of Bellway in a report on Wednesday, April 3rd. Barclays increased their price objective on from GBX 7,500 ($98.00) to GBX 8,100 ($105.84) and gave the stock an overweight rating in a report on Monday. Credit Suisse Group reiterated a hold rating and set a $32.00 price objective on shares of CRH in a report on Friday, July 5th. Deutsche Bank restated a hold rating on shares of Tata Motors in a research note on Tuesday, March 26th. Finally, Clarus Securities restated a positive rating on shares of CRH in a research note on Monday, March 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. CRH has an average rating of Buy and an average target price of $33.50.
Hedge funds have recently bought and sold shares of the business. Private Capital Group LLC grew its stake in CRH by 336.2% in the first 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. grew its stake in CRH by 102.9% in the first 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. Vigilant Capital Management LLC bought a new position in CRH in the first quarter valued at approximately $53,000. Valeo Financial Advisors LLC grew its stake in CRH by 146.0% in the second quarter. Valeo Financial Advisors LLC now owns 1,685 shares of the construction company’s stock valued at $55,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new position in CRH in the first quarter valued at approximately $62,000. Hedge funds and other institutional investors own 4.48% of the company’s stock.
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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