CRH: 'an attractive entry point' according to UBS

(CercleFinance.com) - UBS reiterates its 'buy' recommendation on the stock, but lowers its target price to 7500 pence (from 7640 pence), which represents a potential upside of 27%.


"We think the recent sell off offers an attractive entry point into CRH. We expect guidance to be held alongside results", UBS says.

CRH has confirmed its full-year adjusted Ebitda target of $6.55bn to $6.85bn.

The group, which has completed a $2.1bn acquisition in the Texas cement business, says it has identified potential synergies of $60m on an annualized basis from the deal.


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