Morgan Stanley lifts CRH Plc [CRH] price estimate. Who else is bullish?

CRH Plc [NYSE: CRH] plunged by -$1.01 during the normal trading session on while it closed the day at $90.82.

CRH Plc stock has also loss -2.19% of its value over the past 7 days. However, CRH stock has inclined by 14.15% in the 3 months of the year. Over the past six months meanwhile, it has gained 16.99% and gained 31.32% year-on date.

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The market cap for CRH stock reached $62.01 billion, with 692.10 million shares outstanding and 676.88 million shares in the current float. Compared to the average trading volume of 3.92M shares, CRH reached a trading volume of 3385744 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about CRH Plc [CRH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRH shares is $103.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRH stock is a recommendation set at 1.42. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for CRH Plc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 09, 2024. While these analysts kept the previous recommendation, Stephens raised their target price to Overweight. The new note on the price target was released on June 18, 2024, representing the official price target for CRH Plc stock. Previously, the target price had yet another raise to $110, while RBC Capital Mkts analysts kept a Outperform rating on CRH stock. On April 15, 2024, analysts increased their price target for CRH shares from 80 to 82.

The Average True Range (ATR) for CRH Plc is set at 1.71, with the Price to Sales ratio for CRH stock in the period of the last 12 months amounting to 1.77. The Price to Book ratio for the last quarter was 3.00, with the Price to Cash per share for the same quarter was set at 5.76.

CRH stock trade performance evaluation

CRH Plc [CRH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.19. With this latest performance, CRH shares dropped by -0.73% in over the last four-week period, additionally plugging by 16.99% over the last 6 months – not to mention a rise of 65.70% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRH stock in for the last two-week period is set at 50.24, with the RSI for the last a single of trading hit 44.36, and the three-weeks RSI is set at 53.01 for CRH Plc [CRH]. The present Moving Average for the last 50 days of trading for this stock 89.26, while it was recorded at 92.40 for the last single week of trading, and 81.38 for the last 200 days.

CRH Plc [CRH]: An insightful look at the core fundamentals

CRH Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.43.

Earnings per share (EPS) analysis for CRH Plc [CRH] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CRH Plc go to 12.80%.

CRH Plc [CRH]: Institutional Ownership

There are presently around $91.74%, or 92.19%% of CRH stock, in the hands of institutional investors. The top three institutional holders of CRH stocks are: SCOPUS ASSET MANAGEMENT, L.P. with ownership of 0.72 million shares, which is approximately 0.1045%. SCOPUS ASSET MANAGEMENT, L.P., holding 100000.0 shares of the stock with an approximate value of $$7.5 million in CRH stocks shares; and SCOPUS ASSET MANAGEMENT, L.P., currently with $$7.18 million in CRH stock with ownership which is approximately 0.0139%.