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New Buy Rating for CRH plc (CRH), the Basic Materials Giant

Tipranks - Sat Feb 21, 10:28PM CST

RBC Capital analyst Anthony Codling maintained a Buy rating on CRH plc on February 19 and set a price target of $163.00. The company’s shares closed yesterday at $125.49.

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According to TipRanks, Codling is a 4-star analyst with an average return of 7.6% and a 59.91% success rate. Codling covers the Consumer Cyclical sector, focusing on stocks such as Crest Nicholson Holdings, Barratt Redrow, and The Berkeley Group Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CRH plc with a $141.89 average price target, a 13.07% upside from current levels. In a report released yesterday, Bernstein also reiterated a Buy rating on the stock with a $145.00 price target.

Based on CRH plc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $11.07 billion and a net profit of $1.5 billion. In comparison, last year the company earned a revenue of $9.41 billion and had a net profit of $1.21 billion

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