CRH (LON:CRH) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

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 5,126.84 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 Analyst Weigh In

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

CRH Stock Up 2.1%

The company has a 50-day simple moving average of GBX 114.86 and a 200 day simple moving average of GBX 5,126.84. The company has a market cap of £768.04 million, a P/E ratio of 0.21, a P/E/G ratio of 1.91 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 82.09.

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.