Overall, a good operating performance with 9m lfl EBITDA 7% ahead of 9m 18. As management looks ahead to 2020, it expects solid market fundamentals to continue across the key markets. In view of these results, we expect a slight increase in our target price. We intend to keep our Add recommendation.
26 Nov 2019
9m 19: good operational leverage and business model intact
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9m 19: good operational leverage and business model intact
CRH public limited company (CRH:LON) | 6,273 -6273 (-1.6%) | Mkt Cap: 43,345m
- Published:
26 Nov 2019 -
Author:
Felix Brunotte -
Pages:
3
Overall, a good operating performance with 9m lfl EBITDA 7% ahead of 9m 18. As management looks ahead to 2020, it expects solid market fundamentals to continue across the key markets. In view of these results, we expect a slight increase in our target price. We intend to keep our Add recommendation.