CRH plc (NYSE:CRH) Receives $106.42 Consensus PT from Brokerages

Shares of CRH plc (NYSE:CRH) have been assigned an average recommendation of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $106.42.

Several brokerages have recently commented on CRH. HSBC initiated coverage on CRH in a report on Monday, November 11th. They set a “buy” rating and a $116.00 price objective for the company. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. lifted their price objective on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Barclays assumed coverage on CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company.

Institutional Trading of CRH

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GHP Investment Advisors Inc. raised its position in CRH by 336.4% during the 2nd quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock valued at $25,000 after purchasing an additional 259 shares during the last quarter. Deseret Mutual Benefit Administrators bought a new position in shares of CRH during the third quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after acquiring an additional 125 shares during the period. Meeder Asset Management Inc. bought a new stake in CRH in the third quarter valued at $35,000. Finally, Baillie Gifford & Co. increased its position in CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock valued at $36,000 after purchasing an additional 162 shares during the period. Institutional investors own 62.50% of the company’s stock.

CRH Stock Performance

NYSE:CRH opened at $97.93 on Monday. The firm has a market capitalization of $66.51 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.25 and a beta of 1.29. The stock has a fifty day moving average of $97.30 and a 200 day moving average of $87.63. CRH has a 52-week low of $65.74 and a 52-week high of $104.23.

CRH Cuts Dividend

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

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.