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Enter Symbol:
Crh Plc (CRH) [hlAlert]

Neutral CRH
down 13.15 %

Crh Plc (CRH) downgraded to Neutral by Citigroup

Posted on: Monday,  Dec 9, 2013  8:25 AM ET by Citigroup

Citigroup rated Neutral Crh Plc (NYSE: CRH) on 12/09/2013. Previously Citigroup rated Buy Crh Plc (NYSE: CRH) on 10/01/2009., when
the stock price was $27.97. Since then, Crh Plc has lost 13.16% as of 12/09/2013's recent price of $24.29.
If you would have followed the previous Citigroup's recommendation on CRH, you would have lost 13.15% of your investment in 1530 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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2013 8:25 AM Hold
as of 12/13/2013
1 Week up  0.78 %
1 Month down  -5.26 %
3 Months up  3.31 %
1 YTD up  19.41 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/1/2009 8:25 AM Buy
3/5/2009 8:25 AM Hold
12/22/2008 8:25 AM Sell
3/5/2008 8:25 AM Hold

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