CRH (NYSE:CRH) Stock Rating Upgraded by StockNews.com

CRH (NYSE:CRH) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley increased their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Truist Financial upped their target price on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. DA Davidson boosted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday. Finally, HSBC assumed coverage on shares of CRH in a report on Monday. They issued a “buy” rating and a $116.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.55.

CRH Stock Down 2.1 %

CRH stock opened at $100.15 on Monday. CRH has a 52 week low of $58.57 and a 52 week high of $102.51. The firm has a 50-day simple moving average of $91.68 and a 200-day simple moving average of $84.37. The stock has a market capitalization of $68.37 billion, a P/E ratio of 20.46, a P/E/G ratio of 1.44 and a beta of 1.29.

Institutional Investors Weigh In On CRH

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRH. Lazard Asset Management LLC raised its holdings in CRH by 35,497.5% in the 1st quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after buying an additional 5,068,682 shares during the period. Legal & General Group Plc increased its holdings in CRH by 36,503.4% in the 2nd quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after purchasing an additional 4,825,752 shares during the last quarter. TD Asset Management Inc increased its holdings in CRH by 2,199.7% in the 1st quarter. TD Asset Management Inc now owns 3,342,432 shares of the construction company’s stock valued at $288,383,000 after purchasing an additional 3,197,092 shares during the last quarter. Acadian Asset Management LLC lifted its stake in CRH by 1,095.0% during the first quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company’s stock worth $282,512,000 after purchasing an additional 3,001,488 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of CRH by 103.9% during the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after buying an additional 2,365,589 shares during the period. Hedge funds and other 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.