‘Buy’ rating placed on CRH stocks

NCB Stockbrokers has placed a ‘buy’ rating on CRH stocks, citing the strong performance of its US-based group member Masco, the manufacturer of home improvement and building products.

Masco has reported Q1 results broadly in line with expectations.

NCB said the results from Masco show sales are slowing, trending towards stabilisation, but it also noted that the outlook for residential construction remains subdued.