CRH (LON:CRH) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

CRH plc (LON:CRH) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 7,011.92 and traded as low as GBX 114.36. CRH shares last traded at GBX 114.91, with a volume of 5,649,529 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRH. JPMorgan Chase & Co. cut their price objective 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 reaffirmed a “buy” rating and set a £108.14 price objective on shares of CRH in a report on Thursday, April 9th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of £105.22.

CRH Stock Up 2.1%

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 company has a market capitalization of £768.04 million, a PE ratio of 0.21, a P/E/G ratio of 1.91 and a beta of 1.24. The business has a 50-day moving average of GBX 3,213.67 and a 200 day moving average of GBX 6,905.92.

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.