CRH plc (NYSE:CRH) Receives $107.75 Consensus Target Price from Analysts

Shares of CRH plc (NYSE:CRH) have earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $107.75.

CRH has been the subject of several research reports. HSBC started coverage on shares of CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Citigroup lowered their target price on CRH from $120.00 to $115.00 and set a “buy” rating for the company in a report on Monday, January 6th. Hsbc Global Res upgraded CRH to a “strong-buy” rating in a report on Monday, November 11th. DA Davidson boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Thursday.

Institutional Trading of CRH

A number of institutional investors have recently bought and sold shares of CRH. Deseret Mutual Benefit Administrators acquired a new position in CRH during the 3rd quarter valued at approximately $25,000. Orion Capital Management LLC purchased a new stake in shares of CRH during the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in shares of CRH in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. raised its stake in CRH by 214.3% in the 4th quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock worth $33,000 after acquiring an additional 240 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in CRH in the 3rd quarter worth $35,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Price Performance

CRH stock opened at $102.26 on Friday. CRH has a 1-year low of $71.18 and a 1-year high of $110.97. The business has a 50-day moving average price of $98.25 and a 200 day moving average price of $95.07. The company has a market capitalization of $69.46 billion, a P/E ratio of 20.45, a PEG ratio of 1.15 and a beta of 1.30.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.