2024-01-30 01:42:56 ET
Summary
- CRH stock has outperformed the broader market in the past six months, thanks to the fact that its primary listing and buyback catalysts have materialized.
- Portfolio restructuring might be a potential catalyst for CRH in the future, but the stock's current valuations are already pretty rich.
- I downgrade my rating for CRH to a Hold, as my opinion is that CRH's shares should take a breather, taking into account its demanding valuations.
Elevator Pitch
My rating for CRH plc ( CRH ) [CRH:LN] is a Hold now....
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For further details see:
CRH: Time For A Breather (Rating Downgrade)