CRH (NYSE:CRH) Downgraded by StockNews.com to “Hold”

CRH (NYSE:CRH) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Other equities research analysts also recently issued research reports about the company. DA Davidson lifted their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays assumed coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 target price for the company. JPMorgan Chase & Co. boosted their price target on CRH from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. HSBC assumed coverage on CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 price target for the company. Finally, Morgan Stanley boosted their price target on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $107.75.

CRH Stock Down 4.1 %

Shares of CRH traded down $4.51 during midday trading on Wednesday, reaching $106.00. 6,098,595 shares of the stock were exchanged, compared to its average volume of 4,032,772. CRH has a twelve month low of $71.18 and a twelve month high of $110.97. The company has a market cap of $71.99 billion, a P/E ratio of 21.20, a PEG ratio of 1.21 and a beta of 1.30. The stock’s 50 day simple moving average is $97.70 and its 200 day simple moving average is $94.22.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Deseret Mutual Benefit Administrators bought a new position in CRH in the third quarter valued at about $25,000. Orion Capital Management LLC bought a new stake in shares of CRH during the fourth quarter worth about $28,000. Heck Capital Advisors LLC bought a new stake in shares of CRH during the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. grew its holdings in shares of CRH by 214.3% during the fourth quarter. Brown Brothers Harriman & Co. now owns 352 shares of the construction company’s stock worth $33,000 after purchasing an additional 240 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in shares of CRH during the third quarter worth about $35,000. Institutional investors own 62.50% of the company’s stock.

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.