CRH (NYSE:CRH) Given New $116.00 Price Target at JPMorgan Chase & Co.

CRH (NYSE:CRH) had its price objective boosted by JPMorgan Chase & Co. from $114.00 to $116.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 16.24% from the company’s current price.

CRH has been the subject of a number of other reports. Truist Financial increased their price target on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson lifted 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. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. Barclays initiated coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CRH currently has a consensus rating of “Buy” and a consensus price target of $106.42.

CRH Price Performance

CRH opened at $99.79 on Wednesday. CRH has a 1 year low of $58.57 and a 1 year high of $102.51. The company has a market capitalization of $67.78 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.44 and a beta of 1.29. The firm’s fifty day moving average price is $93.36 and its two-hundred day moving average price is $85.25.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Advisors LLC bought a new stake in shares of CRH during the 1st quarter worth $1,277,000. 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. Assenagon Asset Management S.A. grew its stake in shares of CRH by 35.7% during the second quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock valued at $317,778,000 after buying an additional 1,114,177 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of CRH by 286.4% in the first quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock worth $4,671,000 after buying an additional 40,135 shares during the period. Finally, M&G Plc purchased a new position in CRH in the 2nd quarter worth approximately $2,745,000. Hedge funds and other 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.