CRH plc (NYSE:CRH) Receives $110.00 Consensus Target Price from Analysts

Shares of CRH plc (NYSE:CRH - Get Free Report) have earned a consensus recommendation of "Buy" from the eleven ratings firms that are presently covering the company, MarketBeat reports. Ten research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $112.36.

Several research firms recently issued reports on CRH. JPMorgan Chase & Co. lowered their target price 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. Citigroup cut their price objective on CRH from $120.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada dropped their price target on CRH from $127.00 to $108.00 and set an "outperform" rating on the stock in a research report on Monday. Loop Capital started coverage on CRH in a research report on Wednesday, April 9th. They issued a "buy" rating and a $114.00 price objective for the company. Finally, StockNews.com raised shares of CRH from a "hold" rating to a "buy" rating in a research report on Thursday, February 27th.

CRH Trading Down 1.0 %

CRH stock traded down $0.86 during trading hours on Friday, reaching $85.09. 1,929,661 shares of the company were exchanged, compared to its average volume of 5,617,161. CRH has a 12 month low of $71.18 and a 12 month high of $110.97. The stock has a 50-day moving average of $95.71 and a 200 day moving average of $96.14. The firm has a market cap of $57.55 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.15 and a beta of 1.30.

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CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Friday, March 14th will be given a dividend of $0.37 per share. This is a positive change from CRH's previous quarterly dividend of $0.23. This represents a $1.48 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, March 14th. CRH's payout ratio is 22.66%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of CRH by 13.0% in the 4th quarter. FMR LLC now owns 40,843,362 shares of the construction company's stock valued at $3,781,004,000 after purchasing an additional 4,687,345 shares during the period. Vanguard Group Inc. boosted its stake in CRH by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 39,163,930 shares of the construction company's stock valued at $3,624,719,000 after buying an additional 145,101 shares in the last quarter. Franklin Resources Inc. grew its position in CRH by 17.0% in the fourth quarter. Franklin Resources Inc. now owns 16,788,918 shares of the construction company's stock valued at $1,553,194,000 after acquiring an additional 2,437,868 shares during the period. Norges Bank acquired a new position in CRH during the fourth quarter worth $1,391,245,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of CRH by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 8,609,451 shares of the construction company's stock valued at $796,546,000 after acquiring an additional 826,758 shares during the period. Institutional investors and hedge funds own 62.50% of the company's stock.

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.