CRH (LON:CRH) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

CRH plc (LON:CRH)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8,601.30 and traded as high as GBX 8,954. CRH shares last traded at GBX 8,886, with a volume of 179,671 shares traded.

Wall Street Analysts Forecast Growth

CRH has been the topic of several recent analyst reports. 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 target price on shares of CRH from £102.56 to £100.33 and set an “overweight” rating on the stock in a report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of £103.06.

CRH Trading Down 0.0%

The firm has a market capitalization of £59.44 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38. The business’s fifty day moving average is GBX 9,215.74 and its 200 day moving average is GBX 8,601.30. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 70.88.

CRH Company Profile

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.