CRH (LON:CRH) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• CRH plc shares have surpassed their 200-day moving average, trading at GBX 8,311.23 ($112.86) with high trading volume of 328,963 shares.
• Deutsche Bank has revised its price target for CRH from GBX 8,993 to GBX 8,601 while maintaining a “buy” rating for the stock.
• The company holds a market capitalization of £56.07 billion and reports a high P/E ratio of 1,750.52, indicating significant investor expectations.

Shares of CRH plc (LON:CRH - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 7,238.48 ($98.30) and traded as high as GBX 8,342 ($113.28). CRH shares last traded at GBX 8,311.23 ($112.86), with a volume of 328,963 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered their price target 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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of GBX 8,601.

CRH Trading Up 2.0%

The company has a market capitalization of £56.07 billion, a P/E ratio of 1,750.52, a PEG ratio of 1.91 and a beta of 1.38. The stock has a fifty day moving average of GBX 7,696.44 and a 200 day moving average of GBX 7,240.01. The company has a debt-to-equity ratio of 70.88, a quick ratio of 1.37 and a current ratio of 1.39.

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.