CRH: Jefferies still a buyer, raising target price
(CercleFinance.com) - Jefferies reinstates its "buy" rating on the CRH share, having increased its corresponding target price from 40.
1 euros to 45.8 euros, the day after the the Irish building materials supplier published better-than-expected results.
The broker highlights a EPS growth that is amplified by operational leverage and share repurchases, and believes "the
scope for additional share buybacks and M&A through the year will offer further potential".
"Trading at 8.7x 2021 EBITDA, we see CRH as offering a mix of value and
momentum that will prove difficult to ignore," the broker adds
Copyright (c) 2021 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.
1 euros to 45.8 euros, the day after the the Irish building materials supplier published better-than-expected results.
The broker highlights a EPS growth that is amplified by operational leverage and share repurchases, and believes "the
scope for additional share buybacks and M&A through the year will offer further potential".
"Trading at 8.7x 2021 EBITDA, we see CRH as offering a mix of value and
momentum that will prove difficult to ignore," the broker adds
Copyright (c) 2021 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.