CRH (NYSE:CRH) Downgraded by Barclays

Barclays downgraded shares of CRH (NYSE:CRH) from an overweight rating to an equal weight rating in a research report released on Monday morning, Briefing.com Automated Import reports.

Several other equities research analysts have also recently weighed in on the company. Deutsche Bank reiterated a hold rating on shares of Tata Motors in a report on Tuesday, March 26th. Berenberg Bank reiterated a buy rating and issued a GBX 3,620 ($47.30) price objective on shares of Bellway in a report on Wednesday, April 3rd. Zacks Investment Research cut EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Clarus Securities restated a positive rating on shares of CRH in a research note on Monday, March 18th. Finally, Credit Suisse Group restated a hold rating and issued a $32.00 target price on shares of CRH in a research note on Friday, July 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $33.50.

NYSE CRH traded up $0.22 on Monday, hitting $33.19. The company’s stock had a trading volume of 276,100 shares, compared to its average volume of 504,964. CRH has a 52-week low of $24.62 and a 52-week high of $36.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.56. The firm’s 50-day simple moving average is $32.36. The firm has a market capitalization of $28.20 billion, a price-to-earnings ratio of 14.49 and a beta of 0.93.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRH. Deutsche Bank AG lifted its stake in shares of CRH by 222.0% in the 4th quarter. Deutsche Bank AG now owns 1,456,642 shares of the construction company’s stock valued at $38,382,000 after purchasing an additional 1,004,241 shares during the period. Jane Street Group LLC lifted its stake in shares of CRH by 107.5% in the 4th quarter. Jane Street Group LLC now owns 986,519 shares of the construction company’s stock valued at $25,995,000 after purchasing an additional 511,187 shares during the period. FMR LLC lifted its stake in shares of CRH by 3.5% in the 4th quarter. FMR LLC now owns 11,272,222 shares of the construction company’s stock valued at $297,023,000 after purchasing an additional 385,092 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of CRH by 19.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,164,845 shares of the construction company’s stock valued at $57,044,000 after purchasing an additional 355,932 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in CRH by 316.1% during the first quarter. Crossmark Global Holdings Inc. now owns 338,835 shares of the construction company’s stock valued at $10,504,000 after buying an additional 257,397 shares during the last quarter. Institutional investors own 4.48% 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.

Read More: What does a hold rating mean?

Analyst Recommendations for CRH (NYSE:CRH)

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