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Enter Symbol:
 
Crh Plc (CRH) [hlAlert]

Rating:
Underperform
CRH
up 15.64 %

Crh Plc (CRH) downgraded to Underperform by Raymond James

Posted on: Wednesday,  Nov 13, 2013  8:25 AM ET by Raymond James

Raymond James rated Underperform Crh Plc (NYSE: CRH) on 11/13/2013. Previously Raymond James rated Outperform Crh Plc (NYSE: CRH) on 08/21/2013.,
when the stock price was $21.92. Since then, Crh Plc has gained 15.65% as of 11/13/2013's recent price of $25.35.
If you would have followed the previous Raymond James's recommendation on CRH, you would have gained 15.64% of your investment in 84 days.

CRH public limited company (CRH) is engaged in the manufacture and supply of a range of building materials and in the operation of builders merchanting and Do-It-Yourself (DIY) stores. The Company is organized into four divisions, two in Europe: Materials and Products & Distribution; and two in the Americas: Materials in the United States and Products & Distribution in the United States, Mexico, Canada, Chile and Argentina. Materials businesses are involved in the production of cement, aggregates, asphalt and readymixed concrete. Products businesses are involved in the production of concrete products and a range of construction-related products and services. Distribution businesses are engaged in the marketing and sale of builder?s supplies to the construction industry and of materials and products for the DIY market. During the year ended December 31, 2008, CRH acquired a 50% joint venture stake in My Home Industries Limited, a cement company. In 2008, it acquired Commercial Duomo.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/13/2013 8:25 AM Sell
None
25.35
as of 12/13/2013
1 Week up  2.82 %
1 Month up  6.48 %
3 Months up  15.43 %
1 YTD up  23.25 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/21/2013 9:25 AM Buy
None
21.92

(*) Stock Price at the time of the recommendation.
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