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

CRH (NYSE:CRH) was upgraded by equities research analysts at Hsbc Global Res to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also commented on CRH. DA Davidson boosted 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 Monday. Truist Financial upped their price target on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded CRH from a “hold” rating to a “buy” rating in a research note on Monday. Morgan Stanley upped their target price on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Barclays began coverage on shares of CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $105.55.

CRH Price Performance

Shares of CRH opened at $100.15 on Monday. CRH has a one year low of $58.57 and a one year high of $102.51. The company has a market cap of $68.37 billion, a PE ratio of 20.03, a P/E/G ratio of 1.44 and a beta of 1.29. The stock has a 50-day moving average of $91.68 and a 200-day moving average of $84.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CRH. Cetera Advisors LLC purchased a new position in CRH in the first quarter valued at approximately $1,277,000. LGT Group Foundation grew its stake in shares of CRH by 8,189.3% during the 2nd quarter. LGT Group Foundation now owns 1,599,827 shares of the construction company’s stock worth $119,955,000 after acquiring an additional 1,580,527 shares during the period. Assenagon Asset Management S.A. increased its holdings in CRH by 35.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,238,173 shares of the construction company’s stock worth $317,778,000 after acquiring an additional 1,114,177 shares during the last quarter. Cetera Investment Advisers raised its stake in CRH by 286.4% in the 1st quarter. Cetera Investment Advisers now owns 54,148 shares of the construction company’s stock valued at $4,671,000 after acquiring an additional 40,135 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in CRH by 2.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 163,733 shares of the construction company’s stock valued at $14,115,000 after purchasing an additional 3,220 shares during the last quarter. 62.50% of the stock is owned by institutional investors.

CRH Company Profile

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.