CRH (LON:CRH) Earns “Buy” Rating from UBS Group

UBS Group reiterated their buy rating on shares of CRH (LON:CRH) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently commented on CRH. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of CRH in a report on Tuesday, July 16th. Barclays cut shares of CRH to an equal weight rating and set a GBX 3,300 ($43.12) target price for the company. in a report on Monday, July 8th. Finally, Jefferies Financial Group reaffirmed a buy rating on shares of CRH in a report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. CRH currently has an average rating of Hold and a consensus target price of GBX 2,978.33 ($38.92).

Shares of LON:CRH opened at GBX 2,756 ($36.01) on Monday. The company has a 50-day simple moving average of GBX 2,690.92 and a 200-day simple moving average of GBX 2,564.64. CRH has a one year low of GBX 1,961 ($25.62) and a one year high of GBX 2,889 ($37.75). The company has a debt-to-equity ratio of 72.39, a quick ratio of 0.91 and a current ratio of 1.35. The stock has a market capitalization of $21.92 billion and a price-to-earnings ratio of 6.67.

The firm also recently announced a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Thursday, September 5th will be issued a €0.20 ($0.23) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 0.69%. CRH’s payout ratio is 0.15%.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.

Further Reading: How analysts view the yield curve

Analyst Recommendations for CRH (LON:CRH)

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