CRH plc (NYSE:CRH) Receives $79.31 Average Target Price from Analysts

CRH plc (NYSE:CRH) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $79.31.

Several brokerages recently commented on CRH. Vertical Research began coverage on shares of CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective for the company. StockNews.com raised shares of CRH from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 27th. DA Davidson began coverage on shares of CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 price target for the company. Stifel Nicolaus reissued a “hold” rating and issued a $82.00 price target (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Finally, Truist Financial boosted their price target on shares of CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th.

Institutional Investors Weigh In On CRH

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in CRH during the 3rd quarter valued at $1,484,901,000. Barclays PLC bought a new stake in CRH during the 3rd quarter valued at $941,562,000. Norges Bank bought a new stake in CRH during the 4th quarter valued at $1,014,454,000. Greenhaven Associates Inc. raised its holdings in CRH by 0.9% during the 4th quarter. Greenhaven Associates Inc. now owns 11,141,937 shares of the construction company’s stock valued at $770,576,000 after buying an additional 103,510 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in CRH by 1,136.3% during the 3rd quarter. Invesco Ltd. now owns 8,587,277 shares of the construction company’s stock valued at $469,982,000 after buying an additional 7,892,691 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Trading Down 1.8 %

Shares of NYSE:CRH opened at $77.42 on Friday. The company has a 50 day moving average of $82.26 and a 200 day moving average of $71.24. The stock has a market cap of $53.40 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.32 and a beta of 1.28. CRH has a 12 month low of $47.14 and a 12 month high of $88.00.

CRH (NYSE:CRH) last issued its quarterly earnings data on Thursday, February 29th. The construction company reported $1.29 EPS for the quarter. The firm had revenue of $8.69 billion for the quarter. On average, equities analysts forecast that CRH will post 5.36 earnings per share for the current fiscal year.

CRH Dividend Announcement

The firm also recently disclosed a Variable dividend, which was paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th were issued a $0.262 dividend. The ex-dividend date was Thursday, March 14th. This represents a dividend yield of 2%. CRH’s payout ratio is 22.11%.

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.