CRH (LON:CRH) Sets New 52-Week High - Should You Buy?

Key Points

• CRH plc shares hit a new 52-week high at GBX 8,960 ($120.35) and traded last at GBX 8,926 ($119.89) with significant volume of 948,737 shares.
• Deutsche Bank has adjusted its price target for CRH from GBX 8,993 to GBX 8,601 but maintains a "buy" rating, reflecting a consensus rating of "buy" across analysts.
• The company, which specializes in building materials, has a market cap of £60.11 billion and key financial metrics including a P/E ratio of 1,876.87 and a debt-to-equity ratio of 70.88.

CRH plc (LON:CRH - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 8,960 ($120.35) and last traded at GBX 8,926 ($119.89), with a volume of 948737 shares trading hands. The stock had previously closed at GBX 8,374 ($112.48).

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of CRH from GBX 8,993 to GBX 8,601 and set a "buy" rating on the stock in a research note on Friday, July 18th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of GBX 8,601.

CRH Price Performance

The company has a market cap of £60.11 billion, a P/E ratio of 1,876.87, a PEG ratio of 1.91 and a beta of 1.38. The firm's 50-day moving average is GBX 8,030.40 and its two-hundred day moving average is GBX 7,290.05. The company has a debt-to-equity ratio of 70.88, a current ratio of 1.39 and a quick ratio of 1.37.

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.

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