CRH Plc (NYSE:CRH) Upgraded at Morgan Stanley to “Underweight” from “Underweight” Rating

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Morgan Stanley Analyst Rating Change CRH Plc. NYSE:CRH

CRH Plc (NYSE:CRH) Rating Increased

Morgan Stanley has raised CRH Plc (NYSE:CRH) stock to “Equal-Weight” in analysts report revealed to clients on Wednesday morning. CRH’s old rating was “Underweight”.

The stock rating upgrade is welcomed by stock speculators, as NYSE:CRH is now trading 0.06% higher at $35.19 as of 2:05 AM New York time. CRH Plc.’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has gained 6.00% in the same time period.

CRH Stock Chart

Institutional Ownership

Gratry & Co Llc had the largest stake with ownership of 133,537 shares as of Q2 2015 for 3.46% of the stocks portfolio. Northroad Capital Management Llc is another bull as the active investment manager who is possessing 34,249 shares of CRH Plc. or 2.6% of their stocks portfolio. In addition, Barrow Hanley Mewhinney & Strauss Llc have 0.97% of their stocks portfolio invested in the company for 19.17M shares. The Illinois-based fund Thomas White International Ltd revealed it had bought so far a stake worth about 0.73% of the active investment manager’s stock portfolio in CRH Plc.. The New York-based fund Seven Eight Capital Llc is also positive about the stock, possessing 151,953 shares or 0.53% of their stocks portfolio.

CRH Plc (NYSE:CRH) Profile

CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.

CRH Plc (NYSE:CRH) traded up 0.06% on 13 September, hitting $35.19. A total of 183,673 shares of the company’s stock traded hands. This is down from average of 666,160 shares. CRH Plc. has a 52 week low of $31.55 and a 52 week high of $38.04. The company has a market cap of $29.53B and a P/E ratio of 18.57.

Get the latest CRH Plc (NYSE:CRH) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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