CRH (LON:CRH) Share Price Passes Above 50 Day Moving Average – Time to Sell?

CRH plc (LON:CRH) crossed 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.

Analysts Set New Price Targets

A number of research firms recently commented on CRH. Jefferies Financial Group reiterated a “buy” rating and issued a £108.14 price objective on shares of CRH in a report on Thursday, April 9th. JPMorgan Chase & Co. decreased their price target on CRH from £104.30 to £103.66 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of £105.22.

CRH Trading Up 2.1%

The firm 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’s 50-day simple moving average is GBX 114.92 and its two-hundred day simple moving average is GBX 5,518.77. The company has a quick ratio of 1.37, a current ratio of 1.74 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.