CRH (LON:CRH) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of CRH plc (LON:CRH) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a £108.14 price objective on shares of CRH in a research 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 research report on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of £105.22.

CRH Trading Up 2.1%

The stock has a market capitalization of £768.04 million, a P/E ratio of 0.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24. The business has a 50 day simple moving average of GBX 114.82 and a 200-day simple moving average of GBX 5,386.76. 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.