CRH (LON:CRH) Sets New 12-Month High – Time to Buy?

CRH plc (LON:CRH) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 9,164 and last traded at GBX 9,144, with a volume of 354929 shares traded. The stock had previously closed at GBX 9,020.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRH. JPMorgan Chase & Co. increased their target price on CRH from GBX 9,645 to £102.56 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. Jefferies Financial Group lowered their price objective on shares of CRH from £105.04 to £105 and set a “buy” rating for the company in a research report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of CRH from GBX 8,682 to £103.86 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, CRH has a consensus rating of “Buy” and a consensus target price of £103.81.

CRH Stock Performance

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 has a 50 day moving average of GBX 8,736.20 and a 200 day moving average of GBX 7,876.22. The stock has a market capitalization of £61.37 billion, a P/E ratio of 19.20, a P/E/G 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.