CRH (NYSE:CRH) Given New $150.00 Price Target at Royal Bank Of Canada

CRH (NYSE:CRH) had its price objective decreased by equities researchers at Royal Bank Of Canada from $152.00 to $150.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 32.73% from the company’s previous close.

CRH has been the topic of several other reports. DA Davidson reissued a “neutral” rating and set a $105.00 price objective (down from $120.00) on shares of CRH in a research report on Thursday, July 10th. Morgan Stanley set a $134.00 price target on shares of CRH in a report on Thursday, October 9th. Barclays boosted their price objective on shares of CRH from $110.00 to $131.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Sanford C. Bernstein lifted their target price on CRH from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of CRH in a report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $127.43.

CRH Stock Down 1.5%

Shares of CRH stock traded down $1.77 during trading hours on Friday, hitting $113.01. 4,090,235 shares of the company’s stock traded hands, compared to its average volume of 5,109,999. The stock’s fifty day simple moving average is $115.75 and its two-hundred day simple moving average is $103.40. CRH has a 12-month low of $76.75 and a 12-month high of $121.99. The stock has a market cap of $76.02 billion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.68 and a beta of 1.32.

CRH (NYSE:CRH) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.27. CRH had a return on equity of 15.68% and a net margin of 9.09%.The business had revenue of $11.07 billion during the quarter, compared to analysts’ expectations of $10.15 billion. During the same quarter in the previous year, the business earned $1.97 earnings per share. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. CRH has set its FY 2025 guidance at 5.490-5.720 EPS. On average, equities analysts forecast that CRH will post 5.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bornite Capital Management LP grew its stake in shares of CRH by 30.1% during the 3rd quarter. Bornite Capital Management LP now owns 469,800 shares of the construction company’s stock valued at $56,329,000 after purchasing an additional 108,700 shares during the period. Essex Financial Services Inc. boosted its holdings in shares of CRH by 14.2% in the third quarter. Essex Financial Services Inc. now owns 5,982 shares of the construction company’s stock worth $717,000 after buying an additional 745 shares during the last quarter. Syon Capital LLC boosted its holdings in shares of CRH by 10.2% in the third quarter. Syon Capital LLC now owns 7,619 shares of the construction company’s stock worth $914,000 after buying an additional 703 shares during the last quarter. Rothschild Investment LLC grew its position in CRH by 39.6% during the third quarter. Rothschild Investment LLC now owns 642 shares of the construction company’s stock valued at $77,000 after buying an additional 182 shares during the period. Finally, Merit Financial Group LLC increased its holdings in CRH by 7.0% during the third quarter. Merit Financial Group LLC now owns 32,717 shares of the construction company’s stock valued at $3,923,000 after buying an additional 2,139 shares during the last quarter. 62.50% of the stock is owned by hedge funds and other institutional investors.

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.