Analysts Set CRH plc (NYSE:CRH) Price Target at $107.75

Shares of CRH plc (NYSE:CRH) have earned an average rating of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. One equities research 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 brokers that have updated their coverage on the stock in the last year is $107.75.

CRH has been the topic of a number of research analyst reports. Citigroup cut their price target on shares of CRH from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Morgan Stanley raised their target price on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On CRH

A number of large investors have recently made changes to their positions in CRH. Deseret Mutual Benefit Administrators bought a new stake in CRH in the third quarter valued at $25,000. UMB Bank n.a. increased its position in shares of CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock valued at $28,000 after buying an additional 125 shares during the period. Heck Capital Advisors LLC bought a new position in CRH in the fourth quarter worth about $32,000. Meeder Asset Management Inc. purchased a new stake in CRH in the third quarter worth about $35,000. Finally, Baillie Gifford & Co. boosted 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 acquiring an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Stock Performance

NYSE:CRH opened at $97.36 on Tuesday. CRH has a 52 week low of $71.18 and a 52 week high of $104.23. The firm’s fifty day moving average is $97.23 and its 200-day moving average is $92.31. The firm has a market cap of $66.13 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.08 and a beta of 1.30.

CRH Cuts Dividend

The company also recently declared a Variable dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, November 22nd were issued a $0.262 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 22nd. CRH’s dividend payout ratio (DPR) is presently 21.00%.

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.