CRH PLC (CRH) Sees Unusually-High Trading Volume
CRH PLC (NYSE:CRH) saw an uptick in trading volume on Friday . 1,201,826 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 779,798 shares.The stock last traded at $33.28 and had previously closed at $33.56.
A number of research firms have recently issued reports on CRH. Societe Generale downgraded shares of CRH PLC from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank AG reissued a “hold” rating on shares of CRH PLC in a research note on Tuesday, May 31st. Zacks Investment Research downgraded shares of CRH PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. BNP Paribas reissued an “outperform” rating on shares of CRH PLC in a research note on Tuesday, June 21st. Finally, Beaufort Securities restated a “hold” rating on shares of CRH PLC in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.00.
The company has a 50-day moving average of $30.90 and a 200-day moving average of $28.99. The stock has a market capitalization of $27.43 billion and a P/E ratio of 25.35.
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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