Goodbody raises CRH share price target

CONSTRUCTION industry supply giant CRH's share price target has been raised by Goodbody Stockbrokers, who see a potential upside of almost 21% over the next 12 months.

Yesterday, Goodbody analyst Robert Eason circulated an 18-page report on the company in which he raised the company's share price target from €19 to €21.60.

"PBT is expected to be in line with 2002's level of €856m, 4% ahead of our forecasts. Excluding negative currency effects of c. €86m, this implies underlying profits grew by c.17% in H2 versus a 13% decline in H1.