CRH (LON:CRH)‘s stock had its “buy” rating reaffirmed by research analysts at UBS Group in a research note issued to investors on Thursday, investing.thisismoney.co.uk reports. They presently have a GBX 3,000 ($39.20) price objective on the stock, down from their previous price objective of GBX 3,200 ($41.81). UBS Group’s target price would indicate a potential upside of 32.86% from the company’s previous close.
A number of other equities analysts have also recently weighed in on CRH. HSBC restated a “buy” rating on shares of CRH in a research report on Friday, August 17th. Sanford C. Bernstein set a GBX 2,633 ($34.40) price objective on shares of CRH and gave the stock a “neutral” rating in a research report on Wednesday, September 5th. Finally, JPMorgan Chase & Co. restated a “top pick” rating on shares of CRH in a research report on Friday, September 7th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. CRH has a consensus rating of “Buy” and an average target price of GBX 2,955.50 ($38.62).
LON:CRH opened at GBX 2,258 ($29.50) on Thursday. CRH has a fifty-two week low of GBX 2,297.70 ($30.02) and a fifty-two week high of GBX 2,955 ($38.61).
CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.
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