CRH (LON:CRH) Stock Crosses Below 200-Day Moving Average – Here’s Why

CRH plc (LON:CRH)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,909.83 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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CRH shares. JPMorgan Chase & Co. reduced their price objective on shares of CRH from £104.30 to £103.66 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Jefferies Financial Group reiterated a “buy” rating and issued a £108.14 target price on shares of CRH in a research note on Thursday, April 9th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, CRH currently has an average rating of “Buy” and a consensus price target of £105.22.

CRH Stock Up 2.1%

The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 82.09. The firm has a market cap of £768.04 million, a price-to-earnings ratio of 0.21, a PEG ratio of 1.91 and a beta of 1.24. The firm has a 50-day moving average of GBX 635.57 and a two-hundred day moving average of GBX 5,909.83.

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.