CRH (LON:CRH) Share Price Passes Below 200 Day Moving Average – Time to Sell?

CRH plc (LON:CRH)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 7,369.88 and traded as low as GBX 114.36. CRH shares last traded at GBX 114.91, with a volume of 5,649,529 shares.

Analysts Set New Price Targets

CRH has been the subject of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a £108.14 price objective on shares of CRH in a research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their price objective on CRH from £104.30 to £103.66 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of £105.22.

CRH Trading 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 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 business has a 50 day simple moving average of GBX 4,435.37 and a 200-day simple moving average of GBX 7,369.88.

About CRH

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.