Analysts Set CRH plc (NYSE:CRH) Target Price at $107.75

Shares of CRH plc (NYSE:CRH) have been given a consensus rating of “Buy” by the thirteen brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $107.75.

Several analysts have commented on CRH shares. HSBC began coverage on shares of CRH in a research report on Monday, November 11th. They set a “buy” rating and a $116.00 price target for the company. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. Morgan Stanley upped their price target on CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Barclays initiated coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price on the stock.

CRH Price Performance

Shares of NYSE CRH opened at $99.15 on Tuesday. CRH has a 1-year low of $71.18 and a 1-year high of $104.23. The business has a fifty day moving average price of $97.23 and a 200 day moving average price of $92.16. The stock has a market capitalization of $67.34 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.31.

CRH Cuts Dividend

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

Hedge Funds Weigh In On CRH

Institutional investors have recently bought and sold shares of the business. Park Avenue Securities LLC raised its holdings in shares of CRH by 22.1% during the fourth quarter. Park Avenue Securities LLC now owns 32,557 shares of the construction company’s stock worth $3,012,000 after purchasing an additional 5,889 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of CRH by 31.8% during the 4th quarter. Merit Financial Group LLC now owns 23,253 shares of the construction company’s stock valued at $2,151,000 after buying an additional 5,610 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of CRH by 48.2% in the 4th quarter. Nordea Investment Management AB now owns 2,484,746 shares of the construction company’s stock valued at $231,206,000 after buying an additional 808,061 shares during the period. Tidal Investments LLC boosted its stake in shares of CRH by 168.7% in the third quarter. Tidal Investments LLC now owns 22,089 shares of the construction company’s stock worth $2,049,000 after buying an additional 13,868 shares during the last quarter. Finally, Transform Wealth LLC boosted its stake in shares of CRH by 10.9% in the fourth quarter. Transform Wealth LLC now owns 125,736 shares of the construction company’s stock worth $11,633,000 after buying an additional 12,363 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.