Crh Plc (NYSE:CRH) Receives Average Recommendation of “Hold” from Analysts

Shares of Crh Plc (NYSE:CRH) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company.

CRH has been the subject of several recent research reports. Bank of America Corporation upgraded shares of Crh Plc from a “neutral” rating to a “buy” rating in a research report on Friday, April 21st. BidaskClub cut shares of Crh Plc from a “hold” rating to a “sell” rating in a research report on Monday, July 24th.

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Hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA increased its position in Crh Plc by 47.4% in the second quarter. Federated Investors Inc. PA now owns 648,192 shares of the construction company’s stock valued at $22,992,000 after buying an additional 208,391 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Crh Plc during the second quarter valued at $471,000. Advisors Asset Management Inc. increased its position in Crh Plc by 8.3% in the second quarter. Advisors Asset Management Inc. now owns 144,457 shares of the construction company’s stock valued at $5,124,000 after buying an additional 11,046 shares during the last quarter. Wetherby Asset Management Inc. increased its position in Crh Plc by 3.4% in the second quarter. Wetherby Asset Management Inc. now owns 13,496 shares of the construction company’s stock valued at $479,000 after buying an additional 447 shares during the last quarter. Finally, Grove Bank & Trust increased its position in Crh Plc by 69.3% in the second quarter. Grove Bank & Trust now owns 4,910 shares of the construction company’s stock valued at $174,000 after buying an additional 2,010 shares during the last quarter. Institutional investors and hedge funds own 4.47% of the company’s stock.

Shares of Crh Plc (CRH) traded up 1.12% during midday trading on Tuesday, hitting $35.27. The stock had a trading volume of 1,375,700 shares. The company’s 50-day moving average price is $35.82 and its 200-day moving average price is $35.49. Crh Plc has a 12-month low of $29.82 and a 12-month high of $38.04. The firm has a market cap of $29.36 billion, a price-to-earnings ratio of 20.34 and a beta of 0.96.

Crh Plc Company Profile

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.