CRH plc (CRH): New Buy Recommendation for This Basic Materials Giant
In a report released yesterday, Pujarini Ghosh from Bernstein maintained a Buy rating on CRH plc, with a price target of $145.00. The company’s shares opened today at $123.02.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Ghosh covers the Basic Materials sector, focusing on stocks such as Amrize Ltd, CRH plc, and Heidelberg Materials. According to TipRanks, Ghosh has an average return of 6.6% and a 59.09% success rate on recommended stocks.
Currently, the analyst consensus on CRH plc is a Strong Buy with an average price target of $142.57, which is a 15.89% upside from current levels. In a report released on February 23, Truist Financial also maintained a Buy rating on the stock with a $140.00 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
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRH in relation to earlier this year.
Read More on GB:CRH:
