CRH Plc To Benefit From Interest Rate Cut In USA [Seeking Alpha]
CRH PLC Ordinary Shares (CRH)
US:NYSE Investor Relations:
crh.com/investors/results-centre
Company Research
Source: Seeking Alpha
CRH Plc To Benefit From Interest Rate Cut In USA Summary We expect CRH plc's sales to increase by 5% in 2019 driven by interest rate cut in USA. The lower rates will boost economic growth while reducing mortgage rates. Worsening of the global economic scenario due to Brexit and trade war are the biggest threats for the company. Our valuation analysis shows that CRH has the potential for around 6.5% market price appreciation. CRH plc ( Outlook on Americas Materials Division Positive Macroeconomic factors play an important role in the outlook for the construction materials industry because of the close direct relationship its website We are positive on CRH’s Americas Materials business because of our positive economic outlook on USA. The chief driver of our outlook is our expectation of interest rate cut by around 50bps in 2019. IMF too has recently increased its estimate for USA’s economic growth by 30bps to 2.6%, as disclosed in its World Economic Outlook Update Another benefit of int
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News
- CRH (CRH) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- CRH Announces Date for Q1 2024 Results Conference CallBusiness Wire
- Are Construction Stocks Lagging CRH (CRH) This Year? [Yahoo! Finance]Yahoo! Finance
- Strong Q4 FY23 Numbers and Guidance Pushed CRH plc (CRH) in Q1 [Yahoo! Finance]Yahoo! Finance
- CRH plc (NYSE: CRH) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $82.00 price target on the stock, up previously from $80.00.MarketBeat
CRH
Sec Filings
- 4/29/24 - Form 8-K
- 4/23/24 - Form 8-K
- 4/11/24 - Form 8-K
- CRH's page on the SEC website