CRH (LON:CRH) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

CRH plc (LON:CRH) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 6,663.78 and traded as low as GBX 114.36. CRH shares last traded at GBX 114.91, with a volume of 5,649,529 shares traded.

Analysts Set New Price Targets

CRH has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and set a £108.14 target price on shares of CRH in a report on Thursday, April 9th. JPMorgan Chase & Co. lowered their target price on shares of CRH from £104.30 to £103.66 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CRH currently has an average rating of “Buy” and an average target price of £105.22.

CRH Price Performance

The business’s 50 day moving average is GBX 2,603.10 and its 200-day moving average is GBX 6,663.78. The firm has a market capitalization of £768.04 million, a P/E ratio of 0.21, a PEG ratio of 1.91 and a beta of 1.24. The company has a quick ratio of 1.37, a current ratio of 1.74 and a debt-to-equity ratio of 82.09.

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.