CRH PLC (CRH) Receives ‘Analyst’ Rating

CRH PLC (CRH) has an average broker rating of 2, which is interpreted as a Buy, as rated by 2 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.


Also, Major Brokerage house, Societe Generale downgrades its ratings on CRH PLC (NYSE:CRH). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 26, 2016.

CRH PLC (NYSE:CRH): After opening at $33.19, the stock dipped to an intraday low of $32.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $33.44 and the buying power remained strong till the end. The stock closed at $33.43 for the day, a gain of 1.49% for the day session. The total traded volume was 5,646,006. The stocks close on the previous trading day was $32.94.

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 Companys 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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