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CRH (NYSE:CRH - Get Rating) had its target price reduced by analysts at JPMorgan Chase & Co. from €59.00 ($60.20) to €50.00 ($51.02) in a research note issued to investors on Tuesday, The Fly reports. The brokerage presently has an "overweight" rating on the construction company's stock.
Several other research analysts have also recently weighed in on CRH. Berenberg Bank decreased their price objective on shares of CRH from €56.00 ($57.14) to €46.00 ($46.94) in a research report on Monday, June 13th. StockNews.com upgraded shares of CRH from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 1st. Finally, Citigroup reaffirmed a "buy" rating on shares of CRH in a research note on Friday, June 17th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.50.CRH Trading Down 3.9 %
Shares of CRH traded down $1.49 during midday trading on Tuesday, hitting $36.70. 33,486 shares of the company traded hands, compared to its average volume of 468,994. The stock has a 50-day moving average of $37.05 and a 200-day moving average of $38.93. CRH has a one year low of $33.13 and a one year high of $54.54. The company has a current ratio of 1.79, a quick ratio of 1.38 and a debt-to-equity ratio of 0.40. Institutional Trading of CRH
A number of institutional investors have recently made changes to their positions in CRH. FMR LLC lifted its stake in CRH by 7.5% in the second quarter. FMR LLC now owns 10,312,132 shares of the construction company's stock worth $359,068,000 after acquiring an additional 718,228 shares during the period. Boston Partners raised its holdings in CRH by 5.4% in the first quarter. Boston Partners now owns 5,270,052 shares of the construction company's stock worth $210,865,000 after purchasing an additional 268,277 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in CRH by 8.6% during the second quarter. Goldman Sachs Group Inc. now owns 1,107,024 shares of the construction company's stock valued at $38,546,000 after buying an additional 87,855 shares during the period. Clark Capital Management Group Inc. boosted its holdings in shares of CRH by 41.1% during the 4th quarter. Clark Capital Management Group Inc. now owns 886,933 shares of the construction company's stock valued at $46,830,000 after buying an additional 258,319 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of CRH by 5.7% in the 1st quarter. Invesco Ltd. now owns 881,505 shares of the construction company's stock worth $35,313,000 after buying an additional 47,797 shares during the period. Hedge funds and other institutional investors own 5.25% of the company's stock. About CRH (Get Rating)
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.See AlsoGet a free copy of the StockNews.com research report on CRH (CRH)This Is What To Expect From The S&P 500 NowThe Two Things You Need To Know About Oracle’s FQ1 ReportThree Value Stocks For A Volatile Market3 Energy Stocks Nearing Breakouts From Cup-Shaped PatternsDo These Dividend Achievers Deserve A Place In Your Portfolio?
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