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

Key Points

• CRH plc's stock price has recently surpassed its 200-day moving average, indicating a potential bullish trend with the last trade at GBX 8,246 ($110.64).
• Deutsche Bank has lowered its target price for CRH from GBX 8,993 to GBX 8,601 while maintaining a "buy" rating, reflecting cautious optimism among analysts.
• The company currently has a market capitalization of £70.35 billion and a PE ratio of 18.83, suggesting a steady position in the building materials sector.

Shares of CRH plc (LON:CRH - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 7,233.84 ($97.65) and traded as high as GBX 8,274 ($111.69). CRH shares last traded at GBX 8,246 ($111.31), with a volume of 115,504 shares.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on CRH from GBX 8,993 to GBX 8,601 and set a "buy" rating for the company in a research report on Friday, July 18th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of GBX 8,601.

CRH Price 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 company's 50 day moving average price is GBX 7,335.13 and its 200 day moving average price is GBX 7,244.29. The company has a market cap of £72.30 billion, a price-to-earnings ratio of 19.35, a P/E/G ratio of 1.91 and a beta of 1.38.

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.