These are top 10 stocks traded on the Robinhood UK platform in July
On Thursday, Truist Securities maintained its positive stance on CRH plc (NYSE:CRH), a leading global building materials company with a market capitalization of $66.75 billion. Analyst Keith Hughes upheld a Buy rating with a price target of $120.00, citing the firm’s exposure to the European construction market as a significant advantage for US investors. According to InvestingPro data, the stock is currently trading above its Fair Value, with analyst targets ranging from $90 to $130.
Hughes emphasized the growing attractiveness of the European construction sector, particularly in light of the recent developments surrounding the Ukraine conflict and the potential for a ceasefire. The rebuilding efforts that would follow, along with Germany’s stimulus spending, are seen as catalysts for growth in the industry. CRH, generating $35.57 billion in revenue over the last twelve months, with about 28% of its sales coming from European construction materials, offers a unique opportunity for US investors who may not have direct access to European equities.
CRH’s position as the largest cement producer in Ukraine was also noted, although this represents only a small fraction of the company’s total sales. The company’s footprint extends to other Eastern European countries, further diversifying its presence in the region. InvestingPro analysis reveals several positive indicators, including management’s aggressive share buybacks and strong financial health scores. Subscribers can access 7 additional exclusive ProTips and comprehensive financial metrics in the Pro Research Report.
The analyst’s continued endorsement of CRH comes with a recognition of the company’s potential benefits from the ongoing infrastructure spending in the United States. With a broad portfolio of products and a significant presence in Europe, CRH is well-positioned to capitalize on these developments in both the European and US markets.
Truist Securities’ reaffirmed Buy rating and price target reflect confidence in CRH’s strategic positioning and its ability to navigate the current economic landscape, leveraging opportunities in the construction sector on both sides of the Atlantic.
In other recent news, CRH plc has made several noteworthy announcements. The company issued $2.75 billion in guaranteed notes, with CRH America Finance, Inc. and CRH SMW Finance DAC involved in the issuance. These notes, guaranteed by CRH plc, are intended to support general corporate purposes and reflect the company’s strategic financial management. Additionally, CRH has switched its auditing firm to Deloitte U.S. for the fiscal year ending December 31, 2025, following its primary listing move to the New York Stock Exchange. Deloitte Ireland will continue to serve as the statutory auditor under Irish law.
DA Davidson reaffirmed its Buy rating on CRH shares with a $120 price target, citing confidence in the company’s growth and margin expansion, particularly in the U.S. market. The analyst from DA Davidson highlighted CRH’s strategic deployment and its extensive operations in Europe as positive factors. Moreover, CRH disclosed managerial transactions in filings with the U.S. Securities and Exchange Commission, fulfilling its regulatory obligations for transparency. These developments provide insights into CRH’s ongoing financial and operational strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.