BP names outsider Albert Manifold as chairman as investors push for turnaround
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 21 2025
0mins
Source: Reuters
New Leadership at BP: BP has appointed Albert Manifold, former CEO of CRH, as its new chairman to replace Helge Lund amid a strategy shift and declining share performance. Manifold's experience in reshaping portfolios is seen as beneficial for BP's future direction.
Investor Pressure and Strategy Changes: Under pressure from activist investors like Elliott, who advocate for cost cuts and a return to oil and gas roots, BP is reducing its planned spending on renewables while facing scrutiny over its past leadership decisions and overall performance.
Analyst Views on CRH
Wall Street analysts forecast CRH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRH is 142.05 USD with a low forecast of 131.00 USD and a high forecast of 164.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
13 Buy
1 Hold
0 Sell
Strong Buy
Current: 124.490
Low
131.00
Averages
142.05
High
164.00
Current: 124.490
Low
131.00
Averages
142.05
High
164.00
About CRH
CRH PLC is an Ireland-based company. The Company manufactures and distributes a diverse range of superior building materials and products, which are used in construction projects of all sizes. It operates in three segments across two divisions. Its divisions include Americas and International. Its Americas Division comprises two segments: Americas Materials Solutions and Americas Building Solutions. Americas Materials Solutions provides building materials for the construction and maintenance of public infrastructure and commercial and residential buildings in North America. The primary materials produced by this segment include aggregates, cement, readymixed concrete and asphalt. Americas Building Solutions manufactures, supplies and delivers solutions for the built environment in communities across North America. Its International Division, which comprises one segment, International Solutions, is a provider of integrated building solutions primarily across Europe and Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
