CRH (NYSE:CRH) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of CRH (NYSE:CRHFree Report) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other brokerages also recently issued reports on CRH. Morgan Stanley increased their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial boosted their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of CRH from a “hold” rating to a “buy” rating in a research note on Monday. HSBC initiated coverage on shares of CRH in a research note on Monday. They issued a “buy” rating and a $116.00 target price for the company. Finally, Barclays began coverage on shares of CRH in a research note on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $105.55.

View Our Latest Research Report on CRH

CRH Stock Down 2.1 %

CRH opened at $100.15 on Monday. The company has a 50 day moving average of $91.68 and a two-hundred day moving average of $84.37. CRH has a 52-week low of $58.57 and a 52-week high of $102.51. The company has a market cap of $68.37 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.48 and a beta of 1.29.

CRH Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s payout ratio is 32.00%.

Institutional Trading of CRH

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Deseret Mutual Benefit Administrators acquired a new position in shares of CRH in the 3rd quarter worth approximately $25,000. UMB Bank n.a. lifted its stake in CRH by 72.7% during the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after purchasing an additional 125 shares during the last quarter. GHP Investment Advisors Inc. boosted its holdings 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 purchasing an additional 259 shares during the period. Meeder Asset Management Inc. bought a new stake in CRH during the third quarter valued at $35,000. Finally, Baillie Gifford & Co. raised its holdings in shares of CRH by 70.7% during the third 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. 62.50% of the stock is owned by institutional investors.

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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Analyst Recommendations for CRH (NYSE:CRH)

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