Citigroup Issues Pessimistic Forecast for CRH (NYSE:CRH) Stock Price

CRH (NYSE:CRH - Free Report) had its target price lowered by Citigroup from $120.00 to $115.00 in a research note published on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the construction company's stock.

CRH has been the subject of a number of other reports. DA Davidson upped their price objective 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. HSBC initiated coverage on CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price target for the company. StockNews.com raised CRH from a "hold" rating to a "buy" rating in a research report on Monday, November 11th. Truist Financial raised their target price on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Hsbc Global Res raised shares of CRH to a "strong-buy" rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and an average target price of $107.75.

CRH Stock Up 0.3 %

NYSE:CRH traded up $0.25 during trading hours on Monday, hitting $93.49. 2,693,314 shares of the company traded hands, compared to its average volume of 2,793,171. The company has a market cap of $63.50 billion, a PE ratio of 18.70, a PEG ratio of 1.25 and a beta of 1.31. The firm's 50-day simple moving average is $98.04 and its 200-day simple moving average is $89.39. CRH has a one year low of $66.42 and a one year high of $104.23.

CRH Cuts Dividend

The company also recently disclosed a Variable dividend, which was paid on Wednesday, December 18th. Investors of record on Friday, November 22nd were issued a dividend of $0.262 per share. The ex-dividend date was Friday, November 22nd. This represents a dividend yield of 1.4%. CRH's dividend payout ratio is 21.00%.

Institutional Trading of CRH

Hedge funds and other institutional investors have recently bought and sold shares of the company. Grove Bank & Trust boosted its position in CRH by 9.5% during the third quarter. Grove Bank & Trust now owns 1,419 shares of the construction company's stock valued at $132,000 after buying an additional 123 shares during the period. UMB Bank n.a. lifted its stake in shares of CRH by 72.7% in the 3rd quarter. UMB Bank n.a. now owns 297 shares of the construction company's stock valued at $28,000 after acquiring an additional 125 shares during the last quarter. CVA Family Office LLC boosted its holdings in CRH by 2.1% during the 3rd quarter. CVA Family Office LLC now owns 6,116 shares of the construction company's stock valued at $567,000 after acquiring an additional 128 shares during the period. Lindbrook Capital LLC grew its position in CRH by 2.9% during the 3rd quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company's stock worth $447,000 after acquiring an additional 135 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its position in CRH by 70.7% in the third quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after purchasing an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 62.50% of the company's stock.

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.