CRH (LON:CRH) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

CRH plc (LON:CRH)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 8,792.97 and traded as high as GBX 9,278. CRH shares last traded at GBX 9,182, with a volume of 30,650,482 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRH. JPMorgan Chase & Co. dropped their price target on shares of CRH from £102.56 to £100.33 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Jefferies Financial Group lowered their target price on CRH from £105.04 to £105 and set a “buy” rating for the company in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of £103.06.

CRH Stock Performance

The company’s 50-day moving average price is GBX 9,233.53 and its two-hundred day moving average price is GBX 8,792.97. The company has a market capitalization of £61.36 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.91 and a beta of 1.38. The company has a debt-to-equity ratio of 70.88, a current ratio of 1.39 and a quick ratio of 1.37.

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.