StockNews.com Downgrades CRH (NYSE:CRH) to Hold

StockNews.com downgraded shares of CRH (NYSE:CRH) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other analysts have also recently commented on CRH. Citigroup lowered their target price on shares of CRH from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, January 6th. HSBC began coverage on shares of CRH in a research note on Monday, November 11th. They issued a “buy” rating and a $116.00 target price for the company. Hsbc Global Res upgraded shares of CRH to a “strong-buy” rating in a research note on Monday, November 11th. DA Davidson raised their price target on shares of CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of CRH from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $107.75.

CRH Stock Performance

NYSE:CRH opened at $106.00 on Wednesday. CRH has a fifty-two week low of $71.18 and a fifty-two week high of $110.97. The stock has a market capitalization of $71.99 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.21 and a beta of 1.30. The company’s 50-day simple moving average is $97.85 and its 200-day simple moving average is $94.30.

Hedge Funds Weigh In On CRH

Several institutional investors have recently made changes to their positions in the company. Alpine Global Management LLC purchased a new position in shares of CRH during the 4th quarter valued at approximately $231,000. Vise Technologies Inc. increased its holdings in shares of CRH by 6.4% during the 4th quarter. Vise Technologies Inc. now owns 15,191 shares of the construction company’s stock valued at $1,405,000 after purchasing an additional 910 shares in the last quarter. Orion Capital Management LLC purchased a new position in shares of CRH during the 4th quarter valued at approximately $28,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of CRH by 14.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 130,743 shares of the construction company’s stock valued at $12,096,000 after purchasing an additional 16,106 shares in the last quarter. Finally, PharVision Advisers LLC purchased a new position in shares of CRH during the 4th quarter valued at approximately $432,000. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.