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.
A number of research analysts have recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of Crh Plc in a research note on Tuesday, May 31st. BNP Paribas reaffirmed an “outperform” rating on shares of Crh Plc in a research note on Tuesday, June 21st. Beaufort Securities reaffirmed a “hold” rating on shares of Crh Plc in a research note on Thursday, April 28th. Zacks Investment Research downgraded Crh Plc from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, Bank of America Corp. raised Crh Plc from an “underperform” rating to a “neutral” rating in a research note on Monday, April 25th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $25.00.
The company has a 50 day moving average price of $29.46 and a 200 day moving average price of $28.02. The company has a market capitalization 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 raised its stake in Crh Plc (NYSE:CRH) by 6.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 585,304 shares of the company’s stock after buying an additional 34,936 shares during the period. Bank of Montreal Can owned 0.07% of Crh Plc worth $16,869,000 at the end of the most recent reporting period.
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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