CRH agrees to buy Nordic assets: Truist cuts target to USD 105 for CRH stock

Published on 10/09/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 10.78 billion, up 5.60 percent year over year. CRH stock costs EUR 72.98 on October 9, 2026 after EUR 73.21.

Key points in brief

CRH agreed on October 7, 2026 to acquire NCC Industry operations in Denmark and Finland.
Truist cut its CRH target from USD 130.00 to USD 105.00 on October 5, 2026.
CRH stock was EUR 72.98 at Lang & Schwarz on October 9, 2026, minus 0.31 percent versus EUR 73.21.

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CRH (ISIN IE0001827041) was trading at EUR 72.98 at Lang & Schwarz on October 9, 2026 at 11:37 a.m. CEST. On October 7, 2026, CRH agreed to acquire NCC Industry operations in Denmark and Finland, while MarketBeat reported on October 5, 2026 that Truist cut its CRH target from USD 130.00 to USD 105.00 while keeping a Buy rating.

CRH builds a Nordic platform

CRH said on October 7, 2026 that the transaction covers asphalt plants, aggregates sites and reserves in Denmark, plus hard-rock quarries, backfilling and recycling operations in Finland. Completion is expected during 2027 and remains subject to regulatory approvals and customary closing conditions.

NCC valued the wider Industry transaction at SEK 8.20 billion on October 7, 2026. CRH is taking the Denmark and Finland operations, while Heidelberg Materials is acquiring the Sweden and Norway activities.

Results and targets reset the debate

In the second quarter of 2026, CRH generated USD 10.78 billion of revenue, up 5.60 percent from the prior-year quarter, and reported diluted earnings per share of USD 2.21 versus USD 1.94 a year earlier, according to MarketBeat on October 5, 2026.

The target reduction from USD 130.00 to USD 105.00 gives the latest analyst action a more cautious valuation angle than the acquisition announcement. MarketBeat also reported that Wells Fargo set a USD 106.00 target, while CRH retained a consensus Buy rating with an average target of USD 134.19.

What dates matter next?

CRH's next earnings date is November 4, 2026, according to Investing.com. The NCC transaction is expected to complete during 2027, subject to approvals, making the next results report the nearer scheduled test of operating performance.

CRH stock holds near its daily reference

CRH stock was trading at EUR 72.98 at Lang & Schwarz on October 9, 2026 at 11:37 a.m. CEST, down 0.31 percent versus the Lang & Schwarz prior close of EUR 73.21 on October 8, 2026. The primary listing is on the NYSE, where the finance quote dated October 8, 2026 showed USD 81.88, a 52-week range of USD 80.13 to USD 131.55 and market capitalization of USD 54.7 billion.

The further course of trading is shown by the continuously updated real-time quote of CRH stock.