CRH (NYSE:CRH) Upgraded at StockNews.com

CRH (NYSE:CRH) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Several other brokerages also recently commented on CRH. Vertical Research assumed coverage on CRH in a research note on Friday, March 22nd. They set a “buy” rating and a $105.00 price objective on the stock. Truist Financial raised their price objective on CRH from $81.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Jefferies Financial Group raised their price objective on CRH from $89.70 to $100.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, DA Davidson initiated coverage on CRH in a research note on Friday, January 19th. They issued a “buy” rating and a $82.00 price target on the stock. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus price target of $74.64.

CRH Stock Down 1.4 %

Shares of NYSE:CRH traded down $1.18 during midday trading on Wednesday, hitting $86.02. The company had a trading volume of 2,319,614 shares, compared to its average volume of 3,825,567. CRH has a 12 month low of $46.84 and a 12 month high of $88.00. The firm has a fifty day simple moving average of $77.77 and a 200 day simple moving average of $66.62.

Institutional Trading of CRH

A number of hedge funds and other institutional investors have recently modified their holdings of CRH. JPMorgan Chase & Co. increased its position in shares of CRH by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 269,338 shares of the construction company’s stock valued at $10,790,000 after acquiring an additional 724 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in CRH by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 262,579 shares of the construction company’s stock worth $10,519,000 after purchasing an additional 2,011 shares during the period. American Century Companies Inc. bought a new position in CRH during the first quarter worth about $1,541,000. Bank of Montreal Can grew its holdings in CRH by 3.1% during the first quarter. Bank of Montreal Can now owns 27,121 shares of the construction company’s stock worth $1,113,000 after purchasing an additional 816 shares during the period. Finally, Prudential Financial Inc. grew its holdings in CRH by 24.6% during the first quarter. Prudential Financial Inc. now owns 8,328 shares of the construction company’s stock worth $334,000 after purchasing an additional 1,643 shares during the period. Institutional investors and hedge funds own 62.50% of the company’s stock.

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.