News about CRH

CRH shares rose more than 40% from the start of CEO Jim Mintern's tenure to an all-time high of $131.55 in early January, but have since slumped 40% to a low of $78.60 on Wednesday on the NYSE. Analysts have cut forecasts as the Middle East crisis drove up fuel costs, energy costs rose more than 17% in the second quarter, and higher mortgage rates weighed on US house building. Truist's Keith Hughes now sees EBITDA at $7.87 billion and Goodbody's Shane Carberry at $7.99 billion, both below CRH's own guidance of $8.1 to $8.5 billion. Most analysts still expect CRH to reach the lower end of that guidance, possibly helped by acquisitions, ahead of results due on October 29.