CRH (NYSE:CRH) Given New $115.00 Price Target at Citigroup

CRH (NYSE:CRHGet Free Report) had its price objective cut by analysts at Citigroup from $120.00 to $115.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Citigroup’s price objective indicates a potential upside of 23.11% from the stock’s current price.

Several other research analysts have also weighed in on CRH. HSBC started coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price objective for the company. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Morgan Stanley raised their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Finally, Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $107.75.

View Our Latest Analysis on CRH

CRH Trading Up 0.2 %

CRH stock traded up $0.17 during trading on Monday, hitting $93.41. The company had a trading volume of 2,076,997 shares, compared to its average volume of 2,531,841. The stock has a market cap of $63.44 billion, a PE ratio of 18.68, a PEG ratio of 1.25 and a beta of 1.29. The business has a 50-day moving average of $98.04 and a 200-day moving average of $89.39. CRH has a one year low of $66.42 and a one year high of $104.23.

Institutional Trading of CRH

Large investors have recently added to or reduced their stakes in the stock. Deseret Mutual Benefit Administrators purchased a new stake in shares of CRH during the 3rd quarter worth approximately $25,000. UMB Bank n.a. grew its holdings in 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 purchasing an additional 125 shares during the period. GHP Investment Advisors Inc. increased its position 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 buying an additional 259 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of CRH in the third quarter valued at $35,000. Finally, Baillie Gifford & Co. lifted its position in shares of 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 buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Company Profile

(Get Free Report)

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.

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