CRH share price predicted to fall

IN ITS eight page assessment of CRH, analysts at Citigroup rate the shares at hold and are forecasting the price will fall to €15 in the months ahead.

They were trading up almost 4% at €17.30 yesterday, valuing the group at more than €9 billion, making it one of the ISEQ’s leading stocks in market conditions.

However, the challenging environments in the US and European markets have undermined the trading outlook for the group which is “facing challenging macro head winds with European residential markets slowing and the US economy weakening. Higher energy costs are also an issue for the group”, analysts said.