CRH is a diversified international building materials company. Co. is engaged in the manufacture and distribution of a range of building materials products from the fundamentals of heavy materials and elements to construct the frame, through value-added products that complete the building envelope, to distribution channels which service construction fit-out and renewal. Co. operates seven operating segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia.
  • TickerCRG
  • ISINIE0001827041
  • ExchangeIrish Stock Exchange
  • SectorConstruction & Materials
  • CountryIreland

Analysts

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Breakout probability on the rise The probability for a breakout for global equities (MSCI ACWI) has increased in the past week based on several positive technical developments which we highlight below. Still, there are several indicators that continue to tell us we are not yet out of the woods. • Emerging Markets. The MSCI EM index exhibits bullish price and RS reversals -- add exposure/market weight. This is a major positive for both EM and global equities as it is a characteristic consistent with global bull markets and signals a significant improvement in investors' risk appetites... see...

Nurhayati Wan
Eric Lemarie

End of coverage:

Smart Industries | End of coverage • From 10th October, we will no longer include Company stocks below in our research universe o CRH | BUY | EUR38 o HEIDELBERGCEMENT | BUY | EUR79 o VICAT | BUY | EUR70 o LAFARGEHOLCIM | NEUTRAL | CHF47

Delphine Brault ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Construction: worst case not a certainty, but best case even less so

Construction markets should, for the most part, continue to reflect a slowdown in growth in 2020. A number of them may even contract (France, UK, Germany). In this context, the differentiation will primarily stem from a capacity for resilience (geographic mix and leverage/pricing), M&A (and portfolio rotation) and valuation. In the face of this new environment, we are initiating our coverage on Geberit on Reduce and downgrading our recommendations on CRH, HeidelbergCement and Vic...

Delphine Brault ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Construction : si le pire n’est pas certain, le meilleur l’est encore moins

Les marchés de la construction devraient, pour la majorité, continuer de ralentir en 2020. Certains devraient même s’afficher en recul (France, RU, Allemagne). Dans ce contexte, la différenciation se fera essentiellement sur la capacité de résistance (mix géographique et levier/pricing), le M&A (et rotation de portefeuille) et la valorisation. Face à cet environnement, nous initions Geberit en Alléger, dégradons nos opinions sur CRH, HeidelbergCement et Vicat (d’Achat à Neutre), ...

Eric Lemarie

CRH: Positive start of the year | BUY | EUR38(+27%)

CRH - BUY | EUR38(+27%) Positive start of the year 7% organic top line growth in Q1 Still busy on the M&A side Positive guidance but not very precise yet Share-buy-back to continue

CRH plc - December 2016 (LTM): Peer Snapshot

Peer Snapshot: CRH plc - December 2016 (LTM) 30 March 2017 (in US millions) FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM Dec-16 FYE Dec-14 FYE Dec-15 LTM

Nurhayati Wan
Eric Lemarie

End of coverage:

Smart Industries | End of coverage • From 10th October, we will no longer include Company stocks below in our research universe o CRH | BUY | EUR38 o HEIDELBERGCEMENT | BUY | EUR79 o VICAT | BUY | EUR70 o LAFARGEHOLCIM | NEUTRAL | CHF47

Delphine Brault ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Construction: worst case not a certainty, but best case even less so

Construction markets should, for the most part, continue to reflect a slowdown in growth in 2020. A number of them may even contract (France, UK, Germany). In this context, the differentiation will primarily stem from a capacity for resilience (geographic mix and leverage/pricing), M&A (and portfolio rotation) and valuation. In the face of this new environment, we are initiating our coverage on Geberit on Reduce and downgrading our recommendations on CRH, HeidelbergCement and Vic...

Delphine Brault ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Construction : si le pire n’est pas certain, le meilleur l’est encore moins

Les marchés de la construction devraient, pour la majorité, continuer de ralentir en 2020. Certains devraient même s’afficher en recul (France, RU, Allemagne). Dans ce contexte, la différenciation se fera essentiellement sur la capacité de résistance (mix géographique et levier/pricing), le M&A (et rotation de portefeuille) et la valorisation. Face à cet environnement, nous initions Geberit en Alléger, dégradons nos opinions sur CRH, HeidelbergCement et Vicat (d’Achat à Neutre), ...

Sven Edelfelt ...
  • Virginie Rousseau

ODDO : What’s new in the industry?

>Worth noting: a new wave of consolidation in Indonesia and price increases in Senegal - In Indonesia, cement prices could benefit from a new wave of consolidation. Two cement manufacturers are experiencing financial difficulties and could be bought, one by Anhui Conch and the other by HeidelbergCement (around 6% of HC’s EBITDA).In Senegal, Vicat should benefit from the increase in prices of XOF 5,000. The government will levy XOF 2,000 to fund its social housing...

1 director maiden bought

A director at CRH maiden bought 2,000 shares at 2,779p and the significance rating of the trade was 56/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Christophe-Raphaël Ganet ...
  • Johanna Jourdain
  • Matthias Desmarais
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/10/2019

...

Christophe-Raphaël Ganet ...
  • Johanna Jourdain
  • Matthias Desmarais
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 10/09/2019

Depuis notre étude du 6 mai dernier « favoriser l’innovation et le recentrage Pharma », le Stoxx 600 Healthcare a progressé de 8.7% vs -0.4% pour le Stoxx 600. Cette performance est notamment expliquée par des publications du S1 de bonne facture. Cependant tributaire des annonces de reformes potentielles de la santé américaine, nous considérons toujours que le secteur devrait rester volatil dans ces prochains mois. Nous maintenons dans ce contexte notre préférence pour AstraZeneca (PE...

Bruno Cavalier ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/26/2019

...

Bruno Cavalier ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/08/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anis Zgaya
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emira Sagaama
  • Fatma Agnès Hamdani
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jerôme Bodin
  • Laurence Hofmann
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Olfa Taamallah
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/26/2019

The market is holding up, but its apparent resilience is resting on very shaky foundations, in our view. For the time being, the results season has not delivered any unpleasant surprises thus far, but has not invalidated the downward trend in EPS growth. The erosion of PMI continues apace In this context, dependency on monetary policy increases. Lastly, our integration indicators for US-China trade tensions underscore, in the US as in Europe, in the wake of the post-G20 truce, the ret...

For CRH PLC., the environment deterioration entails a downgrade to Neutral

CRH PLC. (GB), a company active in the Building Materials & Fixtures industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 2 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date September 20, 2019, the closing price was GBp 2,728.00 and its expected value was estimated at GBp 2,695.30.

CRH PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of CRH PLC. (IE), a company active in the Building Materials & Fixtures industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date August 27, 2019, the closing price was EUR 29.50 and its potential was estimated at EUR 32.53.

Nurhayati Wan
Nurhayati Wan
Nurhayati Wan
MarketLine Department

Wienerberger AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Wienerberger AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Wienerberger AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

MarketLine Department

Imerys SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Imerys SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Imerys SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights Thi...

Expert Corporate Governance Service (ECGS)

CRH - AGM 26 April 2019

Item 4: Approve the Remuneration Policy Last year, the remuneration report was only approved by 57.7% of shareholders.  The Company states that they have engaged with shareholders about the new policy, which is submitted for approval. As it is not incorporated in the UK, the Company is not required by law to seek such approval. The changes proposed to the Remuneration Policy strengthen the alignment between pay and performance.  However, there are concerns over the structure of remuneration.  The bonus exceeds guidelines and total incentive pay is potentially excessive.  There are excessive ...

CRH PLC – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Breakout probability on the rise The probability for a breakout for global equities (MSCI ACWI) has increased in the past week based on several positive technical developments which we highlight below. Still, there are several indicators that continue to tell us we are not yet out of the woods. • Emerging Markets. The MSCI EM index exhibits bullish price and RS reversals -- add exposure/market weight. This is a major positive for both EM and global equities as it is a characteristic consistent with global bull markets and signals a significant improvement in investors' risk appetites... see...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

After failing to break above resistance, global equities (MSCI ACWI) have had a rough start to the third quarter. Tuesday's 10-year low reading for September's US ISM manufacturing index further spooked investors and reignited global growth concerns. Continued weakness in global manufacturing and the US-EU tariff escalation raises the potential for a breakdown in global equities, however our outlook remains neutral as long as the MSCI ACWI remains confined to its horizontal range. • Prevailing trends continue for major indexes. Trends that began in March/April remain intact. That is, the MSCI...

Jérôme VINERIER

Analyse court terme - CRH : La reprise est une consolidation.

La tendance de fond est clairement orientée à la baisse. Le MACD est négatif, il confirme cette tendance. La reprise est une consolidation qui va buter sur 26,05 € prochainement. Le prochain objectif est à 23,00 €, puis 21,22 €. Le franchissement de 26,05 € remettrait en cause la suite de la baisse.

Jérôme VINERIER

Short term view - CRH : Rising consolidation.

The background trend is clearly bearish. The negative MACD confirms the trend. The rise is a consolidation that will soon bump against the level at €26.05. The next target is at €23.00, then €21.22. Passing €26.05 would question the continuation of the fall.

Jérôme VINERIER

Analyse court terme - CRH : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 23,00 €. La tendance de fond serait remise en cause en cas de franchissement de 26,05 €.

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