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.
Several equities analysts have weighed in on the stock. Beaufort Securities reiterated a “hold” rating on shares of CRH PLC in a research report on Thursday, April 28th. Deutsche Bank AG restated a “hold” rating on shares of CRH PLC in a report on Tuesday, May 31st. BNP Paribas restated 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 stock. The company has an average rating of “Hold” and an average price target of $25.00.
The firm has a market capitalization of $24.49 billion and a PE ratio of 30.22. The stock has a 50 day moving average price of $29.32 and a 200 day moving average price of $28.05.
An institutional investor recently raised its position in CRH PLC stock. Bank of Montreal Can raised its stake in shares of CRH PLC (NYSE:CRH) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.07% of CRH PLC worth $16,869,000 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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