Crh Plc (CRH) Shares Up 2.5%
Shares of Crh Plc (NYSE:CRH) shot 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 research firms have recently weighed in on CRH. 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 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 given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.00.
The stock’s 50 day moving average is $30.02 and its 200-day moving average is $28.63. The company has a market capitalization of $27.52 billion and a P/E ratio of 33.73.
An institutional investor recently raised its position 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 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 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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