Crh Plc (CRH) Sees Large Volume Increase
Crh Plc (NYSE:CRH) shares saw an uptick in trading volume on Thursday . 624,603 shares traded hands during trading, a decline of 5% from the previous session’s volume of 656,233 shares.The stock last traded at $33.54 and had previously closed at $33.46.
A number of brokerages have commented on CRH. BNP Paribas reaffirmed an “outperform” rating on shares of Crh Plc in a research report on Tuesday, June 21st. Deutsche Bank AG reiterated a “hold” rating on shares of Crh Plc in a research note on Tuesday, May 31st. Zacks Investment Research lowered Crh Plc from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Beaufort Securities reiterated a “hold” rating on shares of Crh Plc in a research note on Thursday, April 28th. Finally, Bank of America Corp. upgraded Crh Plc from an “underperform” rating to a “neutral” rating in a research note on Monday, April 25th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.00.
The firm has a market capitalization of $27.72 billion and a PE ratio of 33.97. The firm’s 50-day moving average is $30.12 and its 200 day moving average is $28.66.
A hedge fund recently raised its stake in Crh Plc stock. Morgan Stanley increased its stake in shares of Crh Plc (NYSE:CRH) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,043,523 shares of the company’s stock after buying an additional 53,893 shares during the period. Morgan Stanley owned approximately 0.13% of Crh Plc worth $30,075,000 at the end of the most recent reporting period.
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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