CRH PLC (CRH) Trading 2.5% Higher
CRH PLC (NYSE:CRH)’s share price traded up 2.5% on Tuesday . The company traded as high as $33.01 and last traded at $32.98, with a volume of 434,009 shares. The stock had previously closed at $32.18.
A number of equities analysts recently weighed in on the stock. BNP Paribas reissued an “outperform” rating on shares of CRH PLC in a research note on Tuesday, June 21st. Zacks Investment Research downgraded shares of CRH PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Bank of America Corp. raised shares of CRH PLC from an “underperform” rating to a “neutral” rating in a research note on Monday, April 25th. Deutsche Bank AG reaffirmed a “hold” rating on shares of CRH PLC in a research note on Tuesday, May 31st. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of CRH PLC in a research note on Thursday, April 28th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.00.
The stock has a market cap of $27.08 billion and a price-to-earnings ratio of 33.19. The firm has a 50-day moving average of $29.68 and a 200-day moving average of $28.55.
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 Form 13F filing with the SEC. The institutional investor 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 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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