CRH (LON:CRH) Shares Pass Above 200 Day Moving Average – What’s Next?

CRH plc (LON:CRH) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 8,601.30 and traded as high as GBX 8,954. CRH shares last traded at GBX 8,886, with a volume of 179,671 shares traded.

Wall Street Analysts Forecast Growth

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

CRH Stock Down 0.0%

The firm’s fifty day moving average price is GBX 9,215.74 and its 200-day moving average price is GBX 8,601.30. The company has a market capitalization of £59.44 billion, a price-to-earnings ratio of 17.74, a P/E/G 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.

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.