CRH PLC (CRH) Shares Gap Down to $31.44
CRH PLC (NYSE:CRH) shares gapped down prior to trading on Friday . The stock had previously closed at $31.32, but opened at $31.44. CRH PLC shares last traded at $31.78, with a volume of 587,391 shares trading hands.
A number of research analysts have commented on CRH shares. Bank of America Corp. upgraded shares of CRH PLC from an “underperform” rating to a “neutral” rating in a research note on Monday, April 25th. Beaufort Securities restated a “hold” rating on shares of CRH PLC in a research note on Thursday, April 28th. Zacks Investment Research lowered shares of CRH PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Deutsche Bank AG restated a “hold” rating on shares of CRH PLC in a research note on Tuesday, May 31st. Finally, BNP Paribas restated an “outperform” rating on shares of CRH PLC in a research note on Tuesday, June 21st. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.00.
The stock has a 50-day moving average price of $29.58 and a 200 day moving average price of $28.47. The stock has a market cap of $26.17 billion and a price-to-earnings ratio of 32.36.
An institutional investor recently raised its position 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 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 approximately 0.13% of CRH PLC worth $30,075,000 at the end of the most recent quarter.
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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