Numis Securities Ltd Lowers CRH plc (CRH) Price Target to GBX 3,000
CRH plc (LON:CRH) had its target price dropped by equities research analysts at Numis Securities Ltd from GBX 3,170 ($41.69) to GBX 3,000 ($39.46) in a research report issued to clients and investors on Wednesday. The brokerage currently has an “add” rating on the stock. Numis Securities Ltd’s price objective points to a potential upside of 14.11% from the company’s current price.
CRH has been the subject of several other research reports. Societe Generale reaffirmed a “buy” rating and set a GBX 3,400 ($44.72) price target on shares of CRH plc in a research note on Monday, October 23rd. Jefferies Group LLC began coverage on shares of CRH plc in a research note on Wednesday, September 27th. They set a “buy” rating and a GBX 3,190 ($41.96) price target for the company. Beaufort Securities reaffirmed a “buy” rating and set a GBX 3,200 ($42.09) price target (up previously from GBX 3,100 ($40.77)) on shares of CRH plc in a research note on Friday, August 25th. Sanford C. Bernstein set a GBX 2,752 ($36.20) price target on shares of CRH plc and gave the company a “neutral” rating in a research note on Thursday, August 24th. Finally, UBS AG set a GBX 3,100 ($40.77) price target on shares of CRH plc and gave the company a “buy” rating in a research note on Wednesday, August 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 3,196.13 ($42.04).
Shares of CRH plc (CRH) opened at GBX 2,629 ($34.58) on Wednesday. CRH plc has a 12 month low of GBX 26.98 ($0.35) and a 12 month high of GBX 3,342 ($43.96).
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CRH plc Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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