JPMorgan Chase & Co. Issues Pessimistic Forecast for CRH (LON:CRH) Stock Price

CRH (LON:CRH) had its target price cut by analysts at JPMorgan Chase & Co. from £104.30 to £103.66 in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 22.30% from the company’s previous close.

Separately, Jefferies Financial Group reiterated a “buy” rating and set a £108.14 price objective on shares of CRH in a research report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of £105.22.

CRH Trading Down 1.2%

LON CRH opened at GBX 8,476 on Wednesday. CRH has a twelve month low of GBX 6,166 and a twelve month high of GBX 9,758. The company has a debt-to-equity ratio of 82.09, a quick ratio of 1.37 and a current ratio of 1.48. The stock has a market cap of £56.65 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.91 and a beta of 1.24. The firm’s 50 day moving average price is GBX 8,385.76 and its two-hundred day moving average price is GBX 8,790.03.

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.