Based on the latest market data and analyst recommendations, CRH stock appears to be in a bullish position despite recent price consolidation. The stock closed at $99.29 with positive market performance showing +1.58% gain in regular trading hours.
Multiple analysts maintain positive ratings with upside potential. Citigroup recently maintained a Buy rating with a $115 price target, suggesting a 22.85% upside potential. While they slightly lowered the target from $120, they still view CRH as one of their top picks in the sector.
Seth Klarman's Baupost Group has taken a significant position worth $244.15 million in CRH, highlighting its value investment potential. The stock trades at an attractive forward P/E of 15.87x, making it relatively undervalued compared to peers.
The company continues to benefit from strong underlying demand across major markets, supported by substantial public infrastructure spending and reindustrialization efforts. Recent technical indicators show RSI at 65.65, suggesting momentum while not yet overbought .
Buy CRH stock at current levels given its:
- Strong analyst consensus with multiple Buy ratings
- Attractive valuation metrics
- Robust infrastructure spending tailwinds
- Notable institutional investor confidence
- Positive technical momentum