Crh Plc (NYSE:CRH) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.00.

CRH has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of CRH from a “sell” rating to a “hold” rating in a research report on Tuesday, May 15th. JPMorgan Chase & Co. set a $37.00 price objective on shares of CRH and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Finally, ValuEngine downgraded shares of CRH from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd.

CRH stock traded down $0.51 during midday trading on Friday, reaching $32.10. 477,089 shares of the company traded hands, compared to its average volume of 559,818. The company has a market cap of $27.36 billion, a price-to-earnings ratio of 12.84, a price-to-earnings-growth ratio of 1.91 and a beta of 0.91. CRH has a 12 month low of $31.97 and a 12 month high of $39.32. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 0.51.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC bought a new position in CRH in the first quarter worth approximately $142,000. Checchi Capital Advisers LLC purchased a new stake in shares of CRH in the second quarter worth $202,000. M&T Bank Corp purchased a new stake in shares of CRH in the first quarter worth $217,000. Atria Investments LLC purchased a new stake in shares of CRH in the second quarter worth $220,000. Finally, Raymond James Trust N.A. increased its stake in shares of CRH by 23.6% in the second quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock worth $300,000 after purchasing an additional 1,624 shares in the last quarter. Institutional investors and hedge funds own 4.43% of the company’s stock.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for CRH (NYSE:CRH)

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