CRH (LON:CRH) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

CRH plc (LON:CRH) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8,519.32 and traded as high as GBX 9,152. CRH shares last traded at GBX 9,072.09, with a volume of 5,342,300 shares.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reduced their price objective on shares of CRH from £105.04 to £105 and set a “buy” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their price target on CRH from £102.56 to £100.33 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on CRH from GBX 8,682 to £103.86 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of £103.06.

CRH Price Performance

The company’s 50 day simple moving average is GBX 9,142.77 and its 200 day simple moving average is GBX 8,519.32. The company has a debt-to-equity ratio of 70.88, a current ratio of 1.39 and a quick ratio of 1.37. The stock has a market cap of £61.61 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.91 and a beta of 1.38.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.