CRH PLC (ADR) (CRH) is Upgraded by BofA/Merrill to Neutral

CRH PLC (ADR) (CRH) was Upgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. BofA/Merrill advised their investors in a research report released on Apr 25, 2016.

Many Wall Street Analysts have commented on CRH PLC (ADR). CRH PLC (ADR) was Upgraded by JP Morgan to ” Overweight” on Apr 6, 2016. CRH PLC (ADR) was Upgraded by Bernstein to ” Mkt Perform” on Mar 18, 2016. CRH PLC (ADR) was Upgraded by Jefferies to ” Buy” on Mar 9, 2016.

CRH PLC (ADR) closed down -0.06 points or -0.21% at $28.5 with 2,91,828 shares getting traded on Friday. Post opening the session at $28.68, the shares hit an intraday low of $28.39 and an intraday high of $28.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

CRH PLC is a building materials company. The Company manufactures and supplies a range of building materials and products ranging from the fundamentals of heavy materials and elements to construct the frame. As of December 31 2013 the Company operated in approximately 34 countries in North America Europe and Asia. The Company operates in six segments: Europe Heavyside Europe Lightside Europe Distribution Americas Materials Americas Products and Americas Distribution. The Company’s products are used across various sectors including in the residential non-residential and infrastructure sectors. The Company has a 26% stake in associate Yatai Building Materials which is engaged in building materials in Northeast China. In India it has a 50% joint venture with My Home Industries Limited in southern state of Andhra Pradesh.


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