CRH (LON:CRH) Reaches New 52-Week High – Should You Buy?

CRH plc (LON:CRH)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 9,758 and last traded at GBX 9,704, with a volume of 176225 shares trading hands. The stock had previously closed at GBX 9,652.

Wall Street Analysts Forecast Growth

CRH has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of CRH from £105.04 to £105 and set a “buy” rating for the company in a report on Monday, November 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of CRH from GBX 8,682 to £103.86 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price objective on CRH from GBX 9,645 to £102.56 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of £103.81.

CRH Trading Down 0.7%

The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 70.88. The stock has a market capitalization of £64.43 billion, a P/E ratio of 19.23, a P/E/G ratio of 1.91 and a beta of 1.38. The business’s fifty day simple moving average is GBX 9,065.50 and its two-hundred day simple moving average is GBX 8,385.65.

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.