Brokerages Set CRH plc (NYSE:CRH) PT at $106.42

CRH plc (NYSE:CRH) has been assigned an average recommendation of “Buy” from the thirteen analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $106.42.

A number of research analysts have weighed in on CRH shares. Barclays started coverage on shares of CRH in a research report on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 price objective for the company. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. HSBC started coverage on CRH in a research note on Monday, November 11th. They set a “buy” rating and a $116.00 target price for the company. Finally, Truist Financial lifted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Institutional Trading of CRH

Several large investors have recently bought and sold shares of CRH. Rothschild Investment LLC purchased a new stake in shares of CRH in the second quarter valued at approximately $43,000. Commonwealth Equity Services LLC raised its holdings in shares of CRH by 4.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 40,243 shares of the construction company’s stock worth $3,017,000 after acquiring an additional 1,618 shares during the period. CIBC Asset Management Inc boosted its position in shares of CRH by 27.0% during the 2nd quarter. CIBC Asset Management Inc now owns 23,236 shares of the construction company’s stock valued at $1,742,000 after acquiring an additional 4,945 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of CRH by 579.9% in the second quarter. Rhumbline Advisers now owns 712,784 shares of the construction company’s stock valued at $53,445,000 after purchasing an additional 607,948 shares during the period. Finally, Simon Quick Advisors LLC acquired a new stake in CRH during the second quarter worth about $250,000. Hedge funds and other institutional investors own 62.50% of the company’s stock.

CRH Price Performance

CRH opened at $93.24 on Friday. The firm has a fifty day moving average price of $98.04 and a 200 day moving average price of $89.31. CRH has a 1 year low of $65.74 and a 1 year high of $104.23. The stock has a market cap of $63.33 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.25 and a beta of 1.29.

CRH Cuts Dividend

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

About CRH

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.