Analysts Set CRH plc (NYSE:CRH) Target Price at $106.42

CRH plc (NYSE:CRH) has been assigned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $107.75.

Several brokerages have weighed in on CRH. JPMorgan Chase & Co. lifted their price target on shares of CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, DA Davidson increased their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th.

CRH Stock Up 0.1 %

CRH stock opened at $92.37 on Friday. The business’s 50-day moving average price is $97.84 and its 200-day moving average price is $89.67. The stock has a market cap of $62.74 billion, a P/E ratio of 18.47, a PEG ratio of 1.25 and a beta of 1.31. CRH has a twelve month low of $66.42 and a twelve month high of $104.23.

CRH Cuts Dividend

The company also recently announced a Variable dividend, which was paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd were given a dividend of $0.262 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio is currently 21.00%.

Institutional Investors Weigh In On CRH

Hedge funds have recently bought and sold shares of the business. GHP Investment Advisors Inc. increased its holdings in shares of CRH by 336.4% in the 2nd 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. Deseret Mutual Benefit Administrators bought a new stake in CRH during the third quarter worth approximately $25,000. UMB Bank n.a. raised its position 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. Meeder Asset Management Inc. bought a new stake in shares of CRH in the 3rd quarter valued at approximately $35,000. Finally, Baillie Gifford & Co. boosted its holdings in shares of CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after purchasing an additional 162 shares during the period. Hedge funds and other institutional investors own 62.50% of the company’s stock.

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.