UBS Starts CRH plc (CRH) at Buy

UBS analyst Julian Radlinger initiates coverage on CRH plc (NYSE: CRH) with a Buy rating and a price target of $138.00.

The analyst comments: "We designate CRH as top sector pick for 3 reasons: 1) we forecast +12%/+8% LFL EBITDA growth in 2026/27, making CRH the strongest growing heavyside stock in our coverage, driven by above average exposure to US infrastructure and aggregates, clear sources of strength amid current weakness in resi and non-res construction; 2) we think CRH’s financial track record supports its claims of superior earnings growth via its unique integrated model, which we expect to continue; 3) at current share price CRH is "only" trading in line with a like-for-like SOTP based on peer multiples (aggregates, cement and lightside peers), meaning shares embed no value for CRH’s integrated model, which we think is fundamentally wrong. CRH has the biggest upside vs consensus across our coverage for 2026/27: 6%/7% for EBITDA and 3%/3% for EPS vs consensus."

For an analyst ratings summary and ratings history on CRH plc click here. For more ratings news on CRH plc click here.

Shares of CRH plc closed at $117.54 yesterday.

You May Also Be Interested In

• Stifel Starts Arrowhead Pharma (ARWR) at Buy
• Schneider National (SNDR) PT Raised to $34 at Stifel
• BWS Financial Starts Capstone Energy Plus (CEPL) at Buy