CRH (NYSE:CRH) Given New $135.00 Price Target at UBS Group

CRH (NYSE:CRH) had its target price dropped by research analysts at UBS Group from $147.00 to $135.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. UBS Group’s price target indicates a potential upside of 54.93% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Weiss Ratings downgraded CRH from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, September 16th. Citigroup lowered shares of CRH from a “buy” rating to a “cautious” rating in a research note on Wednesday, September 9th. Stephens lowered their target price on shares of CRH from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Jefferies Financial Group boosted their price target on CRH from $149.00 to $165.60 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, DA Davidson began coverage on CRH in a report on Monday, August 24th. They set a “buy” rating and a $137.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $138.77.

CRH Trading Down 0.0%

NYSE:CRH traded down $0.01 on Tuesday, hitting $87.14. 929,326 shares of the company’s stock traded hands, compared to its average volume of 4,846,745. The company has a market cap of $57.97 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 1.56 and a beta of 1.33. The firm has a 50-day moving average price of $95.89 and a 200-day moving average price of $103.82. CRH has a 1 year low of $85.46 and a 1 year high of $131.55.

CRH (NYSE:CRH) last announced its quarterly earnings data on Friday, July 31st. The construction company reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.19. CRH had a net margin of 9.93% and a return on equity of 15.76%. The firm had revenue of $10.78 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same period in the previous year, the firm posted $1.94 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, research analysts forecast that CRH will post 5.9 EPS for the current fiscal year.

Institutional Trading of CRH

A number of large investors have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new position in CRH in the 2nd quarter worth $29,000. Bell Investment Advisors Inc lifted its holdings in CRH by 51.2% during the 1st quarter. Bell Investment Advisors Inc now owns 304 shares of the construction company’s stock worth $32,000 after purchasing an additional 103 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of CRH during the 1st quarter worth approximately $38,000. Anchor Investment Management LLC bought a new stake in shares of CRH during the 2nd quarter worth approximately $40,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of CRH in the 4th quarter valued at $43,000. Institutional investors own 62.50% of the company’s stock.

About CRH

CRH plc is a global building materials company that supplies products and solutions used in residential, commercial and infrastructure construction. Its offerings include aggregates, cement, ready-mixed concrete, asphalt, architectural products, precast concrete and other construction-related materials and services.

The company serves customers across North America and Europe, with operations spanning construction materials, infrastructure products and building solutions. CRH supports projects such as roads, bridges, airports, utilities, commercial buildings and residential developments.

CRH was formed in 1970 through the merger of Cement Limited and Roadstone, two Irish building materials businesses.