Truist Financial Boosts CRH (NYSE:CRH) Price Target to $100.00

CRH (NYSE:CRH - Get Free Report) had its price target raised by investment analysts at Truist Financial from $95.00 to $100.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Truist Financial's price objective would suggest a potential upside of 21.77% from the company's previous close.

A number of other equities research analysts have also weighed in on CRH. Stifel Nicolaus restated a "hold" rating and set a $82.00 price objective (up previously from $80.00) on shares of CRH in a research note on Monday, April 15th. Jefferies Financial Group increased their target price on CRH from $89.70 to $100.00 and gave the stock a "buy" rating in a report on Monday, March 4th. StockNews.com upgraded CRH from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, March 27th. Vertical Research began coverage on shares of CRH in a research note on Friday, March 22nd. They set a "buy" rating and a $105.00 target price for the company. Finally, Citigroup raised their price target on shares of CRH from $101.00 to $106.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $79.94.

CRH Price Performance

CRH stock traded down $1.65 on Monday, reaching $82.12. The company had a trading volume of 3,959,449 shares, compared to its average volume of 3,525,351. The company's fifty day moving average is $82.34 and its 200 day moving average is $72.64. CRH has a 1 year low of $47.14 and a 1 year high of $88.00.

CRH (NYSE:CRH - Get Free Report) last posted its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.06) by $0.04. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.60 billion. On average, sell-side analysts expect that CRH will post 5.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CRH

Several hedge funds and other institutional investors have recently made changes to their positions in CRH. Barclays PLC bought a new position in shares of CRH in the third quarter worth $941,562,000. International Assets Investment Management LLC acquired a new position in CRH during the fourth quarter worth about $3,358,000. Vanguard Group Inc. bought a new position in shares of CRH during the 3rd quarter valued at about $1,484,901,000. Asio Capital LLC grew its stake in shares of CRH by 75.3% in the 4th quarter. Asio Capital LLC now owns 54,015 shares of the construction company's stock worth $3,736,000 after purchasing an additional 23,205 shares during the last quarter. Finally, California Public Employees Retirement System bought a new position in shares of CRH during the 3rd quarter valued at $73,833,000. 62.50% of the stock is currently owned by institutional investors and hedge funds.

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.