CRH: UBS still a buyer, upping target price
(CercleFinance.com) - UBS has confirmed its "buy" rating on the CRH stock, having raised its target price from 3140 pence to 3200 pence, representing upside potential of 24% for the stock, the day after the Irish building materials group published its interim results.
“The Market does not give benefit of mid-term margin targets which we think provides optionality,” the broker confirmed, which has slightly cut its Ebitda estimates, although which maintains EPS estimates as a whole.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
“The Market does not give benefit of mid-term margin targets which we think provides optionality,” the broker confirmed, which has slightly cut its Ebitda estimates, although which maintains EPS estimates as a whole.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.