CRH PLC (CRH) Sets New 1-Year High at $33.60
CRH PLC (NYSE:CRH) reached a new 52-week high during trading on Wednesday . The company traded as high as $33.60 and last traded at $33.31, with a volume of 1,111,578 shares changing hands. The stock had previously closed at $32.88.
A number of equities research analysts recently commented on the company. BNP Paribas reiterated an “outperform” rating on shares of CRH PLC in a report on Tuesday, June 21st. Zacks Investment Research downgraded CRH PLC from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Bank of America Corp. upgraded CRH PLC from an “underperform” rating to a “neutral” rating in a report on Monday, April 25th. Deutsche Bank AG restated a “hold” rating on shares of CRH PLC in a report on Tuesday, May 31st. Finally, Beaufort Securities restated a “hold” rating on shares of CRH PLC in a report on Thursday, April 28th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. CRH PLC currently has an average rating of “Hold” and a consensus price target of $25.00.
The stock has a market capitalization of $27.59 billion and a price-to-earnings ratio of 33.81. The stock has a 50-day moving average price of $29.86 and a 200-day moving average price of $28.59.
An institutional investor recently raised its position in CRH PLC stock. Morgan Stanley boosted its stake in shares of CRH PLC (NYSE:CRH) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,043,523 shares of the company’s stock after buying an additional 53,893 shares during the period. Morgan Stanley owned 0.13% of CRH PLC worth $30,075,000 as of its most recent filing with the SEC.
CRH plc manufactures and distributes a range of products servicing the construction needs, from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal.
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