CRH (NYSE:CRH) Upgraded at StockNews.com

CRH (NYSE:CRH) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other research analysts have also issued reports on CRH. Truist Financial lifted their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, November 8th. Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday. HSBC assumed coverage on shares of CRH in a research note on Monday. They set a “buy” rating and a $116.00 target price on the stock. Barclays assumed coverage on shares of CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target for the company. Finally, DA Davidson raised their price objective on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.55.

CRH Stock Down 2.1 %

Shares of CRH stock opened at $100.15 on Monday. The firm has a 50 day moving average of $91.68 and a two-hundred day moving average of $84.37. The stock has a market capitalization of $68.37 billion, a PE ratio of 20.46, a P/E/G ratio of 1.44 and a beta of 1.29. CRH has a 52 week low of $58.57 and a 52 week high of $102.51.

Institutional Trading of CRH

Institutional investors and hedge funds have recently made changes to their positions in the company. Grove Bank & Trust increased its position in CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after buying an additional 123 shares during the period. UMB Bank n.a. raised its holdings in shares of CRH by 72.7% in 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 last quarter. CVA Family Office LLC boosted its stake in shares of CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock worth $567,000 after buying an additional 128 shares during the period. Lindbrook Capital LLC grew its holdings in shares of CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock worth $447,000 after buying an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in CRH by 70.7% in 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 during the period. 62.50% of the stock is owned by hedge funds and other 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.