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

CRH plc (NYSE:CRH) has been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $106.42.

Several brokerages have commented on CRH. DA Davidson lifted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. HSBC began coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Truist Financial lifted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Barclays started coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price objective on the stock.

CRH Stock Down 0.6 %

Shares of NYSE CRH opened at $97.92 on Monday. The business’s 50 day moving average is $97.30 and its two-hundred day moving average is $87.75. The company has a market cap of $66.51 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.25 and a beta of 1.29. CRH has a 12 month low of $65.74 and a 12 month high of $104.23.

CRH Cuts Dividend

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

Institutional Trading of CRH

A number of large investors have recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators acquired a new position in CRH in the third quarter worth $25,000. UMB Bank n.a. boosted 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 purchasing an additional 125 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in CRH in the third quarter worth $35,000. Finally, Baillie Gifford & Co. boosted its stake in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

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.