CRH (LON:CRH) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

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 4,736.64 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.

Wall Street Analysts Forecast Growth

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

CRH Stock Performance

The firm’s 50 day moving average is GBX 114.91 and its 200-day moving average is GBX 4,736.64. The stock has a market capitalization 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 company has a debt-to-equity ratio of 82.09, a quick ratio of 1.37 and a current ratio of 1.74.

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.