{"id":181286,"date":"2025-12-08T16:02:07","date_gmt":"2025-12-08T16:02:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/181286\/"},"modified":"2025-12-08T16:02:07","modified_gmt":"2025-12-08T16:02:07","slug":"crh-shares-spike-at-record-high-as-group-set-to-join-sp-500-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/181286\/","title":{"rendered":"CRH shares spike at record high as group set to join S&P 500 \u2013 The Irish Times"},"content":{"rendered":"

CRH<\/a>\u2019s shares soared to a record high on Monday as investors got their first chance to cheer news that the building materials and services giant is to join the S&P 500 in New York, the world\u2019s most widely-followed stocks index. <\/p>\n

The company\u2019s shares rose 7 per cent to an all-time high of \u00a395.84 in early trading in London. They are also expected to reach record levels when trading gets underway later today on Wall Street, home of CRH\u2019s main stock listing. <\/p>\n

S&P Dow Jones announced that CRH would be joining the influential index, effective December 22nd, after trading ended in the US on Friday evening. Inclusion of the stock in the index will force fund managers that track the S&P 500 to buy CRH shares. <\/p>\n

\u201cCRH\u2019s inclusion in the S&P 500 index later in December is well-deserved recognition of the company\u2019s place as the US\u2019 leading provider of construction materials,\u201d said Colin Sheridan, an analyst with Irish stockbroker Davy. <\/p>\n

\u201cIts addition to the index could create demand for circa 17 per cent of outstanding shares, and we expect the announcement to catalyse a further re-rating \u2013 and outperformance \u2013 relative to peers.\u201d<\/p>\n

He noted that the stock was currently trading at a 30 per cent discount to its closest US peers, Martin Marietta and Vulcan Materials, the only other two construction materials groups in the S&P 500. <\/p>\n

CRH\u2019s board had set its sights on joining the S&P 500 from when it decided in 2023 to move its main stock quotation from London to New York and drop its Irish listing in the process. <\/p>\n

Goodbody stockbrokers analyst Shane Carberry said: \u201cWe expect that the wider investor attention from being part of the S&P 500 index will further underpin our thesis that a continued re-rating towards \u2013 and even beyond \u2013 peers is justified.\u201d<\/p>\n

CRH chief executive Jim Mintern, who took over as chief executive in January, unveiled a medium-term strategy in late September, which includes plans to spend $40 billion (\u20ac34.2 billion) on investment and cash returns to shareholders over the next five years as it continues to grow revenues and earnings apace.<\/p>\n

The CEO is also targeting annual revenue growth of 7-9 per cent out to 2030 and aiming for the group to post adjusted Ebitda margins of 22-24 per cent over the period.<\/p>\n","protected":false},"excerpt":{"rendered":"CRH\u2019s shares soared to a record high on Monday as investors got their first chance to cheer news…\n","protected":false},"author":2,"featured_media":181287,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,98565,61,60,98566],"class_list":["post-181286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-crh","tag-ie","tag-ireland","tag-jim-mintern"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/181286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=181286"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/181286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/181287"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=181286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=181286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=181286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}