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Investing.com - Morgan Stanley has reiterated an Overweight rating on CRH plc (NYSE:CRH) with a price target of $134.00. The stock, currently trading near its 52-week high of $121.88, has shown impressive momentum with a 42% gain over the past six months. According to InvestingPro data, analyst targets for CRH range from $90 to $152.
The investment bank maintained its positive outlook on the building materials company in a research note released Friday.
Morgan Stanley analyst Cedar Ekblom kept the same price target that had been previously established for the Ireland-based construction materials provider.
CRH operates globally in the production and distribution of various building materials including cement, aggregates, and architectural products.
The company has been expanding its presence in North America, which represents a significant portion of its overall business operations.
In other recent news, CRH plc has completed its $2.1 billion acquisition of Eco Material Technologies, enhancing its footprint in the North American market for Supplementary Cementitious Materials. This strategic acquisition is a part of CRH’s ongoing expansion efforts. Meanwhile, RBC Capital has increased its price target for CRH to $152, citing a compelling growth outlook following the company’s Capital Markets Day. Bernstein SocGen Group also raised its price target to $130, maintaining an Outperform rating, and noted the company’s strong performance in recent results.
CRH’s recent results day saw the company meet consensus expectations for earnings before interest, taxes, depreciation, and amortization (EBITDA) and led to an upward revision of its guidance for adjusted EBITDA and earnings per share (EPS). Additionally, CRH has elected Patrick Decker to its Board of Directors, effective October 1, 2025. Decker brings extensive leadership experience from his previous roles, including as president and CEO of Xylem Inc. These developments are part of a series of strategic moves by CRH to bolster its market position and governance.
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