JPMorgan Chase & Co. analysts lowered their price target for CRH (NYSE:CRH) from €50.00 ($52.63) to €48.00 ($50.53), according to The Fly. The company now rates the stock of the construction company as “overweight.”
Recent discussions on the stock have been held by numerous analysts. In a research note released on November 23, Credit Suisse Group lowered their price objective from €50.00 ($52.63) to €48.00 ($50.53), while maintaining an “outperform” rating on shares of CRH. StockNews.com started to cover shares of CRH on Wednesday, October 12th, in a research note. They recommended a “strong buy” for the company. For the company, five research analysts have rated the stock as “buy,” one as “strong buy,” and one as “hold.” With an average “buy” rating and an average target price of $48 right now, the business is currently rated.
The price of the CRH shares declined $0.03 during trading on Thursday to reach $39.51. The company’s trading volume was 14,649 shares as opposed to its regular 518,496 shares. The company has a debt-to-equity ratio of 0, a current ratio of 1,79, and a quick ratio of 1,38. The 52-week high and low for CRH are $54.54 and $31.22, respectively. The company’s 50-day moving average is $36.54; its 200-day moving average is $36.83.
Several hedge funds have recently bought and sold shares of the stock. FMR LLC grew its stake in CRH during the second quarter by 7.5%. FMR LLC now directly owns 10,312,132 shares of the construction company’s stock, valued at $359,068,000, after acquiring an additional 718,228 shares during the period. In the third quarter, Boston Partners boosted its stake in CRH by 12.1%. Boston Partners now owns 7,474,936 shares of the construction company’s stock, worth $241,774,000, after acquiring an additional 803,876 shares over the last three months. Dimensional Fund Advisors LP boosted its stake in CRH by 16.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,265,151 shares of the construction company’s stock valued at $137,465,000 after acquiring an additional 590,914 shares during the period. Greenhaven Associates Inc. boosted its stake in CRH stock by 138.5% during the third quarter. Greenhaven Associates Inc. now owns 1,794,955 shares of the construction company’s stock, valued at $57,851,000, after acquiring an additional 1,042,510 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in CRH shares by 8.6% during the second quarter. After acquiring an additional 87,855 shares over the course of the quarter, Goldman Sachs Group Inc. now owns 1,107,024 shares of the construction company’s stock, valued at $38,546,000. Hedge funds and other institutional investors own 5.25% of the company’s stock.
Through its subsidiaries, CRH plc manufactures and distributes construction supplies. Its three operating segments are Building Products, European Materials, and American Materials. The company makes and distributes a variety of materials, including precast, ready-mixed concrete, asphalt, lime, cement, and aggregates. Additionally, it manufactures and markets architectural glass, windows, doors, skylights, curtain and window walls, storefront systems, and architectural hardware. Additionally, it produces and markets products for concrete masonry, hardscaping, and concrete masonry. These goods include pavers, retaining walls, blocks, kerbs, and associated patio items.