CRH (NYSE:CRH) Given New $108.00 Price Target at Royal Bank of Canada

CRH (NYSE:CRH - Get Free Report) had its price target lowered by research analysts at Royal Bank of Canada from $127.00 to $108.00 in a report released on Monday, Marketbeat reports. The brokerage presently has an "outperform" rating on the construction company's stock. Royal Bank of Canada's target price would indicate a potential upside of 27.38% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. Berenberg Bank set a $120.00 target price on shares of CRH in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of CRH from $118.00 to $114.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. StockNews.com upgraded CRH from a "hold" rating to a "buy" rating in a research note on Thursday, February 27th. Loop Capital initiated coverage on shares of CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price target for the company. Finally, Citigroup dropped their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Eleven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, CRH presently has an average rating of "Buy" and a consensus price target of $112.36.

CRH Stock Performance

CRH stock traded down $0.23 during mid-day trading on Monday, hitting $84.79. 5,452,284 shares of the company were exchanged, compared to its average volume of 5,646,412. CRH has a 1-year low of $71.18 and a 1-year high of $110.97. The firm's 50 day simple moving average is $94.63 and its 200 day simple moving average is $95.97. The firm has a market cap of $57.34 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.15 and a beta of 1.30.

Institutional Investors Weigh In On CRH

Institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors grew its stake in CRH by 4.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,335 shares of the construction company's stock valued at $216,000 after purchasing an additional 109 shares during the period. Covestor Ltd boosted its stake in CRH by 20.4% in the fourth quarter. Covestor Ltd now owns 755 shares of the construction company's stock valued at $70,000 after acquiring an additional 128 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of CRH by 1.9% during the 4th quarter. Parallel Advisors LLC now owns 6,810 shares of the construction company's stock worth $630,000 after purchasing an additional 129 shares during the last quarter. First Eagle Investment Management LLC lifted its position in shares of CRH by 3.2% during the 4th quarter. First Eagle Investment Management LLC now owns 4,367 shares of the construction company's stock valued at $405,000 after buying an additional 136 shares during the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of CRH by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 8,196 shares of the construction company's stock worth $721,000 after acquiring an additional 139 shares during the period. 62.50% of the stock is owned by 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.