Berenberg Bank adjusts CRH (NYSE:CRH) target price to €46.00
CRH (NYSE: CRH – Get a Rating) had its price target lowered by Berenberg Bank from €56.00 ($60.22) to €46.00 ($49.46) in a note issued to investors on Monday, reports The Fly.
Several other analysts have also weighed in on the company recently. Redburn Partners downgraded CRH from a “buy” rating to a “neutral” rating in a Tuesday, March 22 research report. StockNews.com downgraded CRH from a “Strong Buy” rating to a “Buy” rating in a Wednesday, May 18 research report. JPMorgan Chase & Co. raised its price target on CRH from €58.00 ($62.37) to €59.00 ($63.44) and gave the company an “overweight” rating in a report research on Friday, April 22. Deutsche Bank Aktiengesellschaft lowered its price target on CRH from €56.00 ($60.22) to €50.00 ($53.76) and set a ‘buy’ rating for the company in a report research on Tuesday, April 19. Finally, Credit Suisse Group lowered its price target on CRH from €54.00 ($58.06) to €52.00 ($55.91) in a Thursday, March 17 research report. Two investment analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus price target of $51.49.
CRH shares opened at $35.54 on Monday. The company has a debt ratio of 0.48, a quick ratio of 1.38 and a current ratio of 1.85. CRH has a 12-month low of $35.82 and a 12-month high of $54.54. The company has a fifty-day simple moving average of $39.93 and a 200-day simple moving average of $45.44.
Several hedge funds have recently changed their holdings in the company. Boston Partners increased its stake in CRH shares by 5.4% in the first quarter. Boston Partners now owns 5,270,052 shares of the construction company valued at $210,865,000 after purchasing an additional 268,277 shares during the period. Parametric Portfolio Associates LLC increased its stake in CRH by 8.8% during the fourth quarter. Parametric Portfolio Associates LLC now owns 1,172,316 shares of the construction company worth $61,898,000 after purchasing an additional 94,357 shares during the period. Goldman Sachs Group Inc. increased its stake in CRH by 0.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,019,169 shares of the construction company worth $40,828,000 after purchasing an additional 5,024 shares during the period. Clark Capital Management Group Inc. increased its stake in CRH by 41.1% during the fourth quarter. Clark Capital Management Group Inc. now owns 886,933 shares of the construction company worth $46,830,000 after purchasing an additional 258,319 shares during the period. Finally, Invesco Ltd. increased its stake in CRH by 5.7% during the first quarter. Invesco Ltd. now owns 881,505 shares of the construction company worth $35,313,000 after purchasing an additional 47,797 shares during the period. 12.67% of the shares are held by institutional investors.
CRH Company Profile (Get an evaluation)
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Materials Americas, Materials Europe and Construction Products. The company manufactures and supplies cement, lime, aggregates, precast concrete, ready-mixed concrete and asphalt products; concrete masonry and landscaping products including pavers, blocks and curbs, retaining walls and related patio products; and glass and glazing products, including architectural glass, custom curtain walls and windows, architectural windows, window systems, doors, skylights and architectural hardware.
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