CRH (LON:CRH) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of CRH plc (LON:CRH) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 5,126.84 and traded as low as GBX 114.36. CRH shares last traded at GBX 114.91, with a volume of 5,649,529 shares trading hands.

Analyst Ratings Changes

CRH has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a £108.14 price objective on shares of CRH in a research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their price target on CRH from £104.30 to £103.66 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of £105.22.

CRH Stock Performance

The company has a debt-to-equity ratio of 82.09, a quick ratio of 1.37 and a current ratio of 1.74. The company has a market capitalization of £768.04 million, a P/E ratio of 0.21, a P/E/G ratio of 1.91 and a beta of 1.24. The business’s fifty day simple moving average is GBX 114.86 and its 200-day simple moving average is GBX 5,126.84.

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.