Morgan Stanley upgraded shares of Crh Plc (NYSE:CRH) from an underweight rating to an equal weight rating in a research note released on Wednesday, MarketBeat.com reports. Morgan Stanley currently has $32.50 price objective on the construction company’s stock, up from their prior price objective of $30.50.
Separately, BidaskClub downgraded shares of Crh Plc from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Crh Plc currently has an average rating of Hold and a consensus price target of $32.50.
Shares of Crh Plc (NYSE:CRH) opened at 35.72 on Wednesday. The company has a market capitalization of $29.80 billion, a price-to-earnings ratio of 19.26 and a beta of 0.98. Crh Plc has a one year low of $31.55 and a one year high of $38.04. The company’s 50-day moving average price is $34.86 and its 200-day moving average price is $35.48.
The firm also recently disclosed a None dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, September 8th will be given a dividend of $0.226 per share. This is an increase from Crh Plc’s previous None dividend of $0.20. This represents a yield of 1.33%. The ex-dividend date of this dividend is Thursday, September 7th.
A number of institutional investors have recently modified their holdings of CRH. Wells Fargo & Company MN grew its position in Crh Plc by 336.4% during the 1st quarter. Wells Fargo & Company MN now owns 306,712 shares of the construction company’s stock worth $10,787,000 after purchasing an additional 236,432 shares during the last quarter. US Bancorp DE grew its position in Crh Plc by 3.0% during the 1st quarter. US Bancorp DE now owns 47,672 shares of the construction company’s stock worth $1,677,000 after purchasing an additional 1,394 shares during the last quarter. Teza Capital Management LLC purchased a new position in Crh Plc during the 1st quarter worth $249,000. Ameriprise Financial Inc. grew its position in Crh Plc by 2.7% during the 1st quarter. Ameriprise Financial Inc. now owns 113,732 shares of the construction company’s stock worth $4,007,000 after purchasing an additional 3,023 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Crh Plc by 18.4% during the 1st quarter. Eagle Asset Management Inc. now owns 8,176 shares of the construction company’s stock worth $287,000 after purchasing an additional 1,270 shares during the last quarter. 4.05% of the stock is currently owned by institutional investors.
Crh Plc Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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