CRH - CRH's NYSE Listing Shift Aims To Boost US Investor Appeal Analyst Sees Potential Growth | Benzinga
Truist Securities analyst Keith Hughes initiated coverage on the shares of CRH PLC (NYSE: CRH) with a Buy rating and a price target of $81.
CRH's shift of its primary stock listing to the NYSE is intended to capture U.S. investors given roughly 75% of its EBITDA is in the U.S., notes the analyst.
According to the analyst, the SOTP fair value of $81 per share shows upside potential to the current valuation.
Roughly 30% of the revenue in U.S. materials is aggregate and cement, while the remainder is downstream businesses, including road construction. The latter ...