CRH (NYSE:CRH) Upgraded at Hsbc Global Res

CRH (NYSE:CRH) was upgraded by investment analysts at Hsbc Global Res to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

CRH has been the topic of a number of other research reports. StockNews.com raised shares of CRH from a “hold” rating to a “buy” rating in a report on Monday. Truist Financial boosted their price target on shares of CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, November 8th. DA Davidson raised their price objective on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley boosted their target price on CRH from $95.00 to $104.00 and gave the company an “overweight” rating in a report on Monday. Finally, HSBC assumed coverage on CRH in a research note on Monday. They set a “buy” rating and a $116.00 price target on the stock. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $105.55.

CRH Price Performance

Shares of NYSE CRH opened at $100.15 on Monday. CRH has a 1 year low of $58.57 and a 1 year high of $102.51. The company has a market capitalization of $68.37 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.48 and a beta of 1.29. The business has a 50-day moving average of $91.68 and a two-hundred day moving average of $84.37.

Institutional Trading of CRH

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC lifted its position in CRH by 35,497.5% in the first quarter. Lazard Asset Management LLC now owns 5,082,961 shares of the construction company’s stock valued at $438,455,000 after purchasing an additional 5,068,682 shares during the period. Legal & General Group Plc boosted its stake in shares of CRH by 36,503.4% in the second quarter. Legal & General Group Plc now owns 4,838,972 shares of the construction company’s stock valued at $361,278,000 after buying an additional 4,825,752 shares in the last quarter. Acadian Asset Management LLC grew its holdings in CRH by 1,095.0% during the first quarter. Acadian Asset Management LLC now owns 3,275,591 shares of the construction company’s stock worth $282,512,000 after acquiring an additional 3,001,488 shares during the period. American Century Companies Inc. raised its position in CRH by 103.9% in the second quarter. American Century Companies Inc. now owns 4,642,729 shares of the construction company’s stock worth $348,112,000 after acquiring an additional 2,365,589 shares in the last quarter. Finally, Meritage Group LP acquired a new stake in CRH in the first quarter valued at $139,367,000. Hedge funds and other institutional investors 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.