Brokerages Set Crh Plc (NYSE:CRH) PT at $135.87

Crh Plc (NYSE:CRH) has received an average recommendation of “Moderate Buy” from the nineteen research firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $135.8667.

A number of analysts recently issued reports on CRH shares. Morgan Stanley upped their target price on CRH from $131.00 to $140.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Wells Fargo & Company decreased their price objective on CRH from $138.00 to $133.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Royal Bank Of Canada lowered their target price on shares of CRH from $152.00 to $150.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. BNP Paribas Exane upgraded shares of CRH to a “strong-buy” rating in a research report on Friday, January 23rd. Finally, DA Davidson increased their price target on shares of CRH from $110.00 to $116.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th.

CRH Trading Down 1.1%

Shares of CRH stock opened at $127.75 on Friday. The company has a fifty day simple moving average of $125.17 and a 200-day simple moving average of $117.33. The stock has a market cap of $85.62 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.89 and a beta of 1.33. CRH has a 12-month low of $76.75 and a 12-month high of $131.55.

Hedge Funds Weigh In On CRH

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its stake in shares of CRH by 24.7% during the third quarter. Principal Financial Group Inc. now owns 2,269,271 shares of the construction company’s stock valued at $272,086,000 after purchasing an additional 448,860 shares during the period. Park Avenue Securities LLC acquired a new stake in CRH during the 3rd quarter valued at $4,491,000. Exane Asset Management grew its holdings in CRH by 21.2% during the 3rd quarter. Exane Asset Management now owns 663,774 shares of the construction company’s stock valued at $80,735,000 after purchasing an additional 116,178 shares in the last quarter. Dynasty Wealth Management LLC increased its stake in CRH by 77.5% during the 3rd quarter. Dynasty Wealth Management LLC now owns 34,077 shares of the construction company’s stock worth $4,086,000 after buying an additional 14,877 shares during the period. Finally, StoneX Group Inc. acquired a new position in CRH in the 2nd quarter worth $1,472,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Company Profile

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.