CRH plc (CRH) Given Consensus Rating of “Buy” by Brokerages

Shares of CRH plc (LON:CRH) have been given an average recommendation of “Buy” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 3,124.14 ($42.05).

A number of equities research analysts have weighed in on CRH shares. Berenberg Bank reduced their target price on CRH from GBX 3,460 ($46.57) to GBX 3,430 ($46.16) and set a “buy” rating on the stock in a report on Tuesday, August 29th. Societe Generale reaffirmed a “buy” rating and issued a GBX 3,400 ($45.76) target price on shares of CRH in a report on Monday, October 23rd. UBS set a GBX 3,100 ($41.72) price objective on CRH and gave the company a “buy” rating in a report on Wednesday, August 30th. Jefferies Group reissued a “buy” rating and set a GBX 3,190 ($42.93) price objective on shares of CRH in a report on Wednesday, November 22nd. Finally, Beaufort Securities reissued a “buy” rating and set a GBX 3,200 ($43.07) price objective (up previously from GBX 3,100 ($41.72)) on shares of CRH in a report on Friday, August 25th.

Shares of CRH (CRH) traded down GBX 45 ($0.61) during mid-day trading on Thursday, hitting GBX 2,596 ($34.94). The company’s stock had a trading volume of 2,997,776 shares, compared to its average volume of 1,900,000. CRH has a 52-week low of GBX 26.98 ($0.36) and a 52-week high of GBX 3,342 ($44.98).

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About CRH

CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.

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