JPMorgan Chase & Co. Issues Positive Forecast for CRH (NYSE:CRH) Stock Price

CRH (NYSE:CRH - Get Free Report) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from $114.00 to $116.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the construction company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 15.77% from the company's current price.

A number of other analysts have also recently weighed in on the company. Truist Financial increased their price objective on CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. HSBC assumed coverage on shares of CRH in a research report on Monday, November 11th. They set a "buy" rating and a $116.00 price target on the stock. DA Davidson lifted their price target on shares of CRH from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a report on Monday, November 11th. Finally, Morgan Stanley boosted their price objective on CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $106.42.

CRH Stock Up 0.4 %

NYSE:CRH traded up $0.41 on Wednesday, reaching $100.20. The company's stock had a trading volume of 2,722,655 shares, compared to its average volume of 4,865,957. CRH has a 12-month low of $59.98 and a 12-month high of $102.51. The firm has a market cap of $68.06 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The stock has a 50 day moving average price of $93.36 and a 200 day moving average price of $85.25.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRH. Deseret Mutual Benefit Administrators bought a new stake in CRH in the third quarter valued at $25,000. UMB Bank n.a. boosted its holdings in CRH by 72.7% in the third 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 in the last quarter. GHP Investment Advisors Inc. boosted its holdings in CRH by 336.4% in the second quarter. GHP Investment Advisors Inc. now owns 336 shares of the construction company's stock valued at $25,000 after acquiring an additional 259 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of CRH during the 3rd quarter valued at $35,000. Finally, Baillie Gifford & Co. boosted its holdings in shares of CRH by 70.7% during the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company's stock valued at $36,000 after buying an additional 162 shares in 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.