CRH (CRH.L) 06-11-19
Will shares in CRH (CRH.L) continue to push upwards, reaching new highs?
- Now trading at 2874p (at time of writing), the share price momentum has been very strong.
- Will it come to an end, or is this trend your friend?
- Could this be the ideal opportunity for momentum traders?
- Shares -0% from 12-month highs; +45% from 12 month lows.
01 Nov: CRH, the building materials group, has announced that it has reached an agreement to sell its distribution business in Europe for €1.64bn.
23 Aug: UBS reiterates its buy rating on CRH (CRH) and increased the target price to 2950p (from 2900p).
22 Aug: CRH said it would continue its share buyback programme after posting higher profits in H1, driven by good performance in its heritage business.
13 Aug: UBS reiterates its buy rating on CRH (CRH) and increased the target price to 2900p (from 2800p).
09 Aug: CRH announced that it had completed the latest instalment of its share buyback programme, paying shareholders €350m.
16 Jul: CRH it had agreed to sell its Europe distribution business to private equity funds for €1.64bn.
25 Jun: CRH announced that Bill Teuber had resigned from the CRH board with immediate effect.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires