2. CRH (CRH), a diversified building materials company, engages in the manufacture and distribution of building material products like cement, concrete products, aggregates, asphalt and others. The company's operations are divided into six business segments with subsidiaries operating in almost 19 countries.
Of the three analysts covering the stock, 33% recommend a buy and the rest rate a hold. There are no sell ratings on the stock. Analysts polled by Bloomberg expect the stock to gain an average 22% to $26.00 in the upcoming 12 months.
During the first half of 2011, the company completed 21 acquisition and investment initiatives totaling $286.6 million. Furthermore, the company's chief executive added that during the same period divestments generated $494.2 million as proceeds for reinvestment.For the first half of 2011, CRH estimates like-for-like sales to be ahead of 2010, with EBITDA expected to exceed last year's level. The company is due to release its first half earnings on Aug 16. Recently, CRH commented that it would continue to target potential acquisitions in order gain more traction in the U.S. and Europe. It adds that the pipeline of potential acquisition remains strong and with its strong balance sheet, it has the potential to capitalize on these opportunities.