Despite the latest report showing an easing of inflation, home prices continue to rise due to a lack of supply and high interest rates. Price increases have accelerated since February after a brief slowdown late last year.
CRH is set to acquire 57% of ordinary shares of Adbri, thus expanding its market reach in the existing Australian business focusing on cement, concrete and aggregates.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?