CRH (LON:CRH) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• CRH plc shares have surpassed their 200-day moving average, trading at GBX 7,228 ($96.10) with a peak of GBX 7,444 ($98.98).
• Deutsche Bank has decreased their price target for CRH from GBX 8,993 ($119.57) to GBX 8,601 ($114.36), but maintains a "buy" rating on the stock.
• The company's market capitalization is £62.71 billion, with a debt-to-equity ratio of 70.88 and a price-to-earnings ratio of 16.78.

CRH plc (LON:CRH - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 7,229.89 ($97.23) and traded as high as GBX 7,444 ($100.11). CRH shares last traded at GBX 7,228 ($97.20), with a volume of 357,791 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of CRH from GBX 8,993 ($120.94) to GBX 8,601 ($115.67) and set a "buy" rating on the stock in a research report on Friday, July 18th.

CRH Trading Up 5.6%

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 company has a market capitalization of £66.24 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 1.91 and a beta of 1.38. The business's 50-day simple moving average is GBX 6,893.86 and its 200-day simple moving average is GBX 7,222.79.

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.