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Prices & Quotes - UK Markets - CRH (CRH)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 2,636.00p
Change Today:
-65.00p
Market Cap:
20,693m
Sector:
Construction & Materials

UBS upgrades Ferguson, downgrades Travis Perkins

By Michele Maatouk

Date: Wednesday 22 Jan 2020

LONDON (ShareCast) - (Sharecast News) - UBS upgraded its stance on Ferguson on Wednesday but downgraded Travis Perkins, as it took a look at the European building materials sector.
"After a strong re-rating in 2019, we are somewhat more selective but we see some opportunities in the sector," UBS said.

The bank upgraded plumbing and heating company Ferguson - formerly Wolseley - to 'buy' from 'neutral' and boosted the price target to 8,075p from 6,600p on margin growth and some further multiple re-rating potential.

"We recognise a part of the re-rating story has played out, with the shares trading on 17x price-to-earnings versus a trough of 12x in Dec-18. The discount to US peers has narrowed to circa 15% from a peak of 35%. However, we think the probability of an eventual re-listing in the US is relatively high and we expect the board to recommend a dual listing as a first step."

It downgraded its rating on builders' merchant Travis Perkins to 'sell' from 'neutral' but lifted the price target to 1,400p from 1,380p after the recent re-rating. UBS said the shares look expensive and the market is getting "over-optimistic" about a UK recovery.

"Shares have re-rated from a trough of 10x to 14.5x P/E (long-term average around 11.5x and peak multiple around 16x) which we think exposes shareholder to downside, in particular ahead of potentially earning dilutive streamlining of the portfolio," UBS said.

Irish building materials company CRH remained its 'top pick', rated at 'buy' with a 3,300p price target.

At 1240 GMT, Ferguson shares were up 0.1% at 7,110p, while Travis Perkins was down 1.2% at 1,619.50p and CRH shares were 0.7% lower at 2,926p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CRH Market Data

Currency UK Pounds
Price 2,636.00p
Change Today -65.00p
52 Week High 3,100.00p
52 Week Low 1,574.00p
Volume 1,053,575
Shares Issued 785.01m
Market Cap 20,693m

Performance Indicators

Compare performance with the sector and the market.

Key
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Vs Sector
Value
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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sector
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What The Brokers Say

Strong Buy 12
Buy 1
Neutral 5
Sell 0
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRH Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Sep-20 12-Mar-20
Paid 25-Sep-20 28-Apr-20
Amount 22.00¢ 63.00¢

Trades for 28-Oct-2020

Time Volume / Share Price
17:09 2,000 @ 2,636.00p
16:35 211,197 @ 2,636.00p
16:29 37 @ 2,616.00p
16:29 223 @ 2,617.00p
16:29 165 @ 2,617.00p

CRH Key Personnel

Chair Richard (Richie) Boucher