CRH PLC (CRH) Sees Unusually-High Trading Volume
CRH PLC (NYSE:CRH) shares saw strong trading volume on Friday . 1,567,525 shares changed hands during mid-day trading, an increase of 30% from the previous session’s volume of 1,207,460 shares.The stock last traded at $29.44 and had previously closed at $29.90.
Several research analysts have commented on the stock. Beaufort Securities reiterated a “hold” rating on shares of CRH PLC in a report on Thursday, April 28th. Deutsche Bank AG reiterated a “hold” rating on shares of CRH PLC in a report on Tuesday, May 31st. BNP Paribas reiterated an “outperform” rating on shares of CRH PLC in a report on Tuesday, June 21st. Zacks Investment Research cut shares of CRH PLC from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Finally, Bank of America Corp. upgraded shares of CRH PLC from an “underperform” rating to a “neutral” rating in a report on Monday, April 25th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. CRH PLC presently has an average rating of “Hold” and an average target price of $25.00.
The firm’s 50-day moving average is $29.43 and its 200 day moving average is $28.01. The firm has a market cap of $24.25 billion and a PE ratio of 30.05.
A hedge fund recently raised its stake in CRH PLC stock. Bank of Montreal Can boosted its stake in CRH PLC (NYSE:CRH) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 585,304 shares of the company’s stock after buying an additional 34,936 shares during the period. Bank of Montreal Can owned about 0.07% of CRH PLC worth $16,869,000 at the end of the most recent quarter.
CRH PLC is a building materials company. The Company manufactures and supplies a range of building materials and products ranging from the fundamentals of heavy materials and elements to construct the frame. As of December 31, 2013, the Company operated in approximately 34 countries in North America, Europe, and Asia.
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