A number of other research firms have also recently issued reports on CRH. JPMorgan Chase & Co. reiterated an overweight rating on shares of CRH in a research report on Tuesday, June 2nd. Morgan Stanley upgraded shares of CRH from an equal weight rating to an overweight rating in a research report on Friday, March 27th. Societe Generale cut shares of CRH from a buy rating to a hold rating in a research report on Monday, June 22nd. AlphaValue cut shares of CRH to a buy rating in a research report on Thursday, April 23rd. Finally, Credit Suisse Group upgraded shares of CRH from a neutral rating to an outperform rating in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $39.20.
CRH stock opened at $36.52 on Friday. The company has a 50 day simple moving average of $34.12 and a 200 day simple moving average of $33.29. The stock has a market cap of $28.63 billion, a price-to-earnings ratio of 14.27 and a beta of 1.03. CRH has a 1 year low of $17.73 and a 1 year high of $40.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.61 and a quick ratio of 1.18.
Several large investors have recently bought and sold shares of CRH. First Trust Advisors LP bought a new stake in shares of CRH in the 1st quarter valued at $211,000. Bank of Montreal Can boosted its stake in shares of CRH by 1.2% in the 4th quarter. Bank of Montreal Can now owns 25,151 shares of the construction company’s stock valued at $1,014,000 after purchasing an additional 302 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of CRH by 110.6% in the 4th quarter. Advisor Group Inc. now owns 10,353 shares of the construction company’s stock valued at $418,000 after purchasing an additional 5,437 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of CRH by 4.8% in the 4th quarter. Renaissance Technologies LLC now owns 2,127,900 shares of the construction company’s stock valued at $85,818,000 after purchasing an additional 98,000 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new stake in shares of CRH in the 4th quarter valued at $242,000. 5.41% of the stock is currently owned by institutional investors.
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.
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