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

CRH plc (LON:CRH)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8,519.32 and traded as high as GBX 9,152. CRH shares last traded at GBX 9,072.09, with a volume of 5,342,300 shares traded.

Analysts Set New Price Targets

CRH has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on CRH from £102.56 to £100.33 and set an “overweight” rating for the company in a research report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of CRH from GBX 8,682 to £103.86 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Finally, Jefferies Financial Group lowered their price objective on shares of CRH from £105.04 to £105 and set a “buy” rating for the company in a research report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CRH has a consensus rating of “Buy” and an average target price of £103.06.

CRH Price Performance

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 company has a 50 day simple moving average of GBX 9,142.77 and a 200 day simple moving average of GBX 8,519.32. The stock has a market cap of £61.61 billion, a P/E ratio of 18.38, a PEG ratio of 1.91 and a beta of 1.38.

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.