Citigroup Boosts CRH (NYSE:CRH) Price Target to $106.00

CRH (NYSE:CRH) had its price target increased by Citigroup from $101.00 to $106.00 in a report issued on Friday, Benzinga reports. Citigroup currently has a buy rating on the construction company’s stock.

CRH has been the subject of several other reports. Vertical Research assumed coverage on shares of CRH in a research note on Friday, March 22nd. They issued a buy rating and a $105.00 price target for the company. Truist Financial increased their price target on shares of CRH from $81.00 to $95.00 and gave the stock a buy rating in a research note on Monday, March 4th. StockNews.com upgraded shares of CRH from a buy rating to a strong-buy rating in a research note on Wednesday, March 27th. Jefferies Financial Group raised their price objective on shares of CRH from $89.70 to $100.00 and gave the company a buy rating in a research note on Monday, March 4th. Finally, DA Davidson started coverage on shares of CRH in a research note on Friday, January 19th. They set a buy rating and a $82.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CRH currently has an average rating of Buy and a consensus target price of $78.93.

CRH Trading Up 2.3 %

Shares of CRH stock opened at $86.40 on Friday. The company has a 50-day moving average of $80.31 and a 200 day moving average of $68.37. CRH has a 1 year low of $46.84 and a 1 year high of $88.00.

CRH Dividend Announcement

The business also recently declared a Variable dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 15th will be paid a $0.262 dividend. The ex-dividend date is Thursday, March 14th. This represents a dividend yield of 2%.

Institutional Trading of CRH

Large investors have recently made changes to their positions in the stock. Barclays PLC bought a new stake in shares of CRH in the third quarter worth approximately $941,562,000. Vanguard Group Inc. bought a new stake in shares of CRH in the third quarter worth approximately $1,484,901,000. Asio Capital LLC grew its stake in shares of CRH by 75.3% in the fourth quarter. Asio Capital LLC now owns 54,015 shares of the construction company’s stock worth $3,736,000 after acquiring an additional 23,205 shares during the period. California Public Employees Retirement System bought a new stake in shares of CRH in the third quarter worth approximately $73,833,000. Finally, Swiss National Bank bought a new stake in shares of CRH in the third quarter worth approximately $150,498,000. 62.50% of the stock is currently owned by 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.