This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
CRH shares
CRH (CRH)
CRH (CRH) is a global building materials group. The Company manufactures and distributes a range of construction products value-added exterior products. CRH services a wide customer base spanning residential, non-residential and infrastructure.
Headquartered in Dublin, CRH reports in Euros. Shares are currently trading near all-time highs due to the FX translation benefit of the weaker Pound Sterling following the Brexit vote on 23 June. With Sterling now off its lows, analysts may begin to revise down their bullish outlook. It’s worth keeping an eye on CRH shares though – with the Bank of England set to cut interest rates and/or apply more QE in August, the GBP could weaken once more.
There are 27 brokers currently following CRH shares, 16 of which are rating the stock as a ‘buy.’ A more cautious outlook in this case sees average target price looking for 4% upside from current levels (Source: Bloomberg, 14 July).
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Prepared by Michael van Dulken, Head of Research
