CRH plc (NYSE:CRH) Receives $107.75 Consensus Target Price from Analysts

Shares of CRH plc (NYSE:CRH) have been assigned a consensus recommendation of “Buy” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $107.75.

A number of research analysts recently weighed in on the stock. Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. HSBC started coverage on shares of CRH in a report on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. DA Davidson lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock 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 research note on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

CRH Price Performance

CRH stock opened at $100.36 on Friday. The firm’s 50 day moving average price is $98.02 and its 200-day moving average price is $94.89. CRH has a 1 year low of $71.18 and a 1 year high of $110.97. The stock has a market cap of $68.16 billion, a P/E ratio of 20.07, a PEG ratio of 1.15 and a beta of 1.30.

Institutional Trading of CRH

Several institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in shares of CRH by 13.0% in the fourth quarter. FMR LLC now owns 40,843,362 shares of the construction company’s stock valued at $3,781,004,000 after acquiring an additional 4,687,345 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of CRH by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company’s stock worth $3,624,719,000 after acquiring an additional 145,101 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of CRH by 17.0% during the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company’s stock worth $1,553,194,000 after acquiring an additional 2,437,868 shares during the last quarter. Norges Bank purchased a new stake in shares of CRH during the fourth quarter worth about $1,391,245,000. Finally, State Street Corp grew its stake in shares of CRH by 4.9% during the third quarter. State Street Corp now owns 13,139,233 shares of the construction company’s stock worth $1,218,532,000 after acquiring an additional 618,786 shares during the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.