Better by design – delivering the integrated solutions model

  • Sectors : Building Materials
  • Companies : CRH

Ratings and price correct at time of issue.

  • CRH

    Closing Price: 5282c

  • RATING 23/05/12

  • PREVIOUS RATING 12/01/12



Yet again we have raised our earnings forecasts for CRH after impressive results. The group continues to exceed expectations, driven by efficiency gains and management’s focus on the integrated building solutions model. Meanwhile, cash is king and CRH is generating lots of it. That means the group can pursue an extensive capital allocation strategy to both grow the business (capex, acquisitions) and return cash to shareholders (dividends, buybacks). Layer on a major multi-year increase in funding for US infrastructure and the stock is in a great place. We reiterate our ‘Outperform rating’ and increase our 12-month price target to €51.

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Sep 3 2021, 06:30 IST/BST