CRH (LON:CRH) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of CRH plc (LON:CRH) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 8,820.11 and traded as low as GBX 7,364. CRH shares last traded at GBX 7,768, with a volume of 363,886 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on shares of CRH from £102.56 to £100.33 and set an “overweight” rating on the stock in a research note on Wednesday, January 14th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of £103.06.

CRH Trading Down 0.1%

The company has a 50 day simple moving average of GBX 8,705.79 and a 200 day simple moving average of GBX 8,820.11. The company has a market capitalization of £52.04 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.91 and a beta of 1.20. The company has a debt-to-equity ratio of 82.09, a quick ratio of 1.37 and a current ratio of 1.48.

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.