CRH (LON:CRH) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of CRH plc (LON:CRH) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 114.92 and traded as high as GBX 116.46. CRH shares last traded at GBX 114.91, with a volume of 5,649,529 shares trading hands.

Analyst Upgrades and Downgrades

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

CRH Price Performance

The company has a debt-to-equity ratio of 82.09, a current ratio of 1.74 and a quick ratio of 1.37. The stock has a 50 day simple moving average of GBX 114.92 and a two-hundred day simple moving average of GBX 5,518.77. The company has a market cap of £768.04 million, a price-to-earnings ratio of 0.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24.

CRH Company Profile

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.