CRH : Like at rivals, H2 is proving more difficult in the end...
>Buy recommendation maintained - After a disappointing share performance, in line with the sector, the share should rally and the downward revision to the consensus is in our view largely factored in at the current price (cf. our report of 28 September, “The quest for the philosopher’s stoneâ€). We are playing: 1/ the benefits of the integration of Ash Grove / cement assets in Florida; 2/ new local acquisitions (budget of around ~€ 1.0bn est. in 2019); 3/ a favourable ...CRH is a diversified international building materials company. Co. is engaged in the manufacture and distribution of a range of building materials products from the fundamentals of heavy materials and elements to construct the frame, through value-added products that complete the building envelope, to distribution channels which service construction fit-out and renewal. Co. operates seven operating segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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