Crh Plc (CRH) Shares Gap Up to $29.39
Crh Plc (NYSE:CRH)’s share price gapped up before the market opened on Friday . The stock had previously closed at $29.16, but opened at $29.39. Crh Plc shares last traded at $29.88, with a volume of 494,571 shares traded.
CRH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Crh Plc from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 6th. Bank of America Corp. raised shares of Crh Plc from an “underperform” rating to a “neutral” rating in a research note on Monday, April 25th. Beaufort Securities reissued a “hold” rating on shares of Crh Plc in a research note on Thursday, April 28th. Zacks Investment Research cut shares of Crh Plc from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of Crh Plc in a research note on Tuesday, May 31st. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.00.
The stock has a 50 day moving average of $29.32 and a 200-day moving average of $28.05. The stock has a market cap of $24.49 billion and a P/E ratio of 30.22.
A hedge fund recently raised its stake in Crh Plc stock. Morgan Stanley increased its position in shares of Crh Plc (NYSE:CRH) by 5.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,043,523 shares of the company’s stock after buying an additional 53,893 shares during the period. Morgan Stanley owned about 0.13% of Crh Plc worth $30,075,000 as of its most recent SEC filing.
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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