CRH: stock rebound in view of the American IPO

( – The stock ended the session up sharply, benefiting from Stifel’s analysis. The analysis office reaffirms its ‘buy’ recommendation and its price target of 50 euros on the stock, while next week’s extraordinary general meeting should prepare the ground for an initial public offering (IPO) in the States -United.

‘Given the examples of Ferguson and Linde, in terms of indexing flows, this can provide longer-term investors with a short-term buying opportunity’, judges the broker in its note on the Irish materials group. of construction.

“Activity remains supportive, potentially supporting further earnings increases above consensus,” adds Stifel, who also finds “the valuation argument compelling, especially for US investors.”

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