Credit Suisse Group upgraded shares of CRH (NYSE:CRH) from a neutral rating to an outperform rating in a research note released on Thursday, Briefing.com Automated Import reports.

CRH has been the subject of a number of other research reports. Barclays restated an underweight rating on shares of CRH in a report on Tuesday, May 19th. Societe Generale lowered shares of CRH from a buy rating to a hold rating in a report on Monday, June 22nd. ValuEngine raised shares of CRH from a sell rating to a hold rating in a research report on Monday, March 9th. JPMorgan Chase & Co. reiterated an overweight rating on shares of CRH in a research report on Tuesday, June 2nd. Finally, Zacks Investment Research downgraded shares of CRH from a hold rating to a sell rating in a research note on Monday, June 22nd. Three analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $36.80.

NYSE CRH traded up $0.83 on Thursday, hitting $35.66. The company’s stock had a trading volume of 619,999 shares, compared to its average volume of 686,889. The firm has a market cap of $27.30 billion, a P/E ratio of 13.93 and a beta of 1.03. CRH has a 52-week low of $17.73 and a 52-week high of $40.88. The company’s 50-day simple moving average is $32.91 and its 200 day simple moving average is $33.44. The company has a current ratio of 1.61, a quick ratio of 1.18 and a debt-to-equity ratio of 0.47.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP bought a new stake in CRH during the first quarter valued at $211,000. Bank of Montreal Can raised its stake in CRH by 1.2% in the 4th quarter. Bank of Montreal Can now owns 25,151 shares of the construction company’s stock valued at $1,014,000 after acquiring an additional 302 shares during the period. Pacer Advisors Inc. lifted its holdings in CRH by 37.9% during the 4th quarter. Pacer Advisors Inc. now owns 6,044 shares of the construction company’s stock valued at $244,000 after purchasing an additional 1,662 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in CRH by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 218,022 shares of the construction company’s stock worth $8,793,000 after purchasing an additional 7,882 shares during the period. Finally, Atria Investments LLC acquired a new position in shares of CRH in the fourth quarter valued at $574,000. Institutional investors and hedge funds own 5.41% of the company’s stock.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.

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Analyst Recommendations for CRH (NYSE:CRH)

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