CRH stock price increase forecast

CRH is another stock being suggested as a buy for investors at the moment by NCB Stockbrokers

CRH is another stock being suggested as a buy for investors at the moment by NCB Stockbrokers. A stronger-than-expected performance at its US operations combined with the strong dollar should offset weakness in some of its European markets this year, with the brokers setting a year-end target for the shares of 21.50.

CRH faces more uncertain markets in the next couple of years because of slowing economic conditions. Following a weak 2000, the stock price has recovered its premium rating in recent months, although it still trades only in line with the rights issue adjusted price reached in autumn 1999.

Based on CRH's track record, geographic positioning and its prudent approach to emerging markets, NCB believes the shares can appreciate to more than 21 by year-end.