Analysts Set CRH plc (NYSE:CRH) Price Target at $107.75

CRH plc (NYSE:CRH) has been given a consensus recommendation of “Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $107.75.

CRH has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup cut their price objective on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock. Morgan Stanley raised their price target on shares of CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, DA Davidson raised their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday, November 11th.

CRH Price Performance

NYSE:CRH opened at $100.36 on Friday. The firm’s 50-day moving average price is $98.02 and its 200-day moving average price is $94.89. The company has a market capitalization of $68.16 billion, a PE ratio of 20.07, a P/E/G ratio of 1.15 and a beta of 1.30. CRH has a 1-year low of $71.18 and a 1-year high of $110.97.

Hedge Funds Weigh In On CRH

Several institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in CRH during the 4th quarter worth approximately $1,391,245,000. FMR LLC raised its stake in CRH by 33.4% during the 3rd quarter. FMR LLC now owns 36,156,017 shares of the construction company’s stock worth $3,341,258,000 after acquiring an additional 9,055,354 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CRH by 515.7% during the 3rd 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 worth $473,270,000 after acquiring an additional 4,274,336 shares during the period. Franklin Resources Inc. raised its stake in CRH by 17.0% during the 4th quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock worth $1,553,194,000 after acquiring an additional 2,437,868 shares during the period. Finally, Deutsche Bank AG raised its position in shares of CRH by 72.2% during the fourth quarter. Deutsche Bank AG now owns 4,717,597 shares of the construction company’s stock valued at $436,472,000 after buying an additional 1,978,225 shares during the last quarter. Institutional investors own 62.50% of the company’s stock.

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.