CRH (NYSE:CRH) Price Target Raised to $116.00 at JPMorgan Chase & Co.

CRH (NYSE:CRH) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $114.00 to $116.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 16.24% from the company’s current price.

A number of other analysts also recently issued reports on CRH. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barclays assumed coverage on CRH in a research report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. Hsbc Global Res raised CRH to a “strong-buy” rating in a report on Monday, November 11th. Morgan Stanley upped their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, HSBC started coverage on CRH in a research report on Monday, November 11th. They issued a “buy” rating and a $116.00 price target on the stock. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $106.42.

CRH Trading Up 0.1 %

CRH stock opened at $99.79 on Wednesday. The company has a market capitalization of $67.78 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 1.44 and a beta of 1.29. The stock’s 50 day moving average is $93.36 and its 200-day moving average is $85.25. CRH has a 12 month low of $58.57 and a 12 month high of $102.51.

Institutional Investors Weigh In On CRH

Large investors have recently modified their holdings of the company. Dupont Capital Management Corp acquired a new stake in CRH in the first quarter worth $13,492,000. Blair William & Co. IL bought a new stake in shares of CRH during the first quarter valued at approximately $290,000. Pitcairn Co. acquired a new position in shares of CRH during the first quarter worth approximately $241,000. Advisors Asset Management Inc. lifted its holdings in shares of CRH by 5.2% in the 1st quarter. Advisors Asset Management Inc. now owns 102,504 shares of the construction company’s stock worth $8,842,000 after purchasing an additional 5,074 shares in the last quarter. Finally, Capital World Investors grew its position in CRH by 0.6% in the 1st quarter. Capital World Investors now owns 2,461,628 shares of the construction company’s stock valued at $212,340,000 after purchasing an additional 15,028 shares during the period. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.