CRH (LON:CRH) Stock Passes Above 200 Day Moving Average – Here’s Why

CRH plc (LON:CRH) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 8,851.38 and traded as high as GBX 9,184. CRH shares last traded at GBX 9,046, with a volume of 375,537 shares.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRH. JPMorgan Chase & Co. decreased their price target on shares of CRH from £102.56 to £100.33 and set an “overweight” rating for the company in a research note on Wednesday, January 14th. Jefferies Financial Group reduced their target price on CRH from £105.04 to £105 and set a “buy” rating for the company in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of £103.06.

CRH Stock Down 2.2%

The company has a debt-to-equity ratio of 70.88, a quick ratio of 1.37 and a current ratio of 1.39. The stock’s 50 day simple moving average is GBX 9,209.77 and its 200 day simple moving average is GBX 8,851.38. The firm has a market cap of £58.27 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.91 and a beta of 1.38.

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.