CRH plc (NYSE:CRH) Receives $106.42 Average Target Price from Brokerages

CRH plc (NYSE:CRH) has earned a consensus rating of “Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $106.42.

CRH has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Barclays began coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price target for the company. Truist Financial boosted their price objective on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, HSBC assumed coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company.

CRH Trading Down 0.2 %

Shares of CRH stock opened at $98.65 on Monday. The business’s fifty day simple moving average is $96.74 and its 200 day simple moving average is $87.36. CRH has a 12 month low of $65.06 and a 12 month high of $104.23. The firm has a market capitalization of $67.00 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 1.30 and a beta of 1.29.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd will be paid a $0.262 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a yield of 1.4%. CRH’s dividend payout ratio is presently 37.20%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in shares of CRH by 33.4% in the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. Legal & General Group Plc boosted its stake in CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock worth $361,278,000 after buying an additional 4,825,752 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CRH by 515.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company’s stock valued at $473,270,000 after acquiring an additional 4,274,336 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of CRH by 103.9% in the 2nd quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after acquiring an additional 2,365,589 shares during the last quarter. Finally, LGT Group Foundation grew its holdings in shares of CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock valued at $119,955,000 after purchasing an additional 1,580,527 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

CRH Company Profile

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.