JPMorgan Chase & Co. Has Lowered Expectations for CRH (LON:CRH) Stock Price

CRH (LON:CRH) had its target price dropped by equities researchers at JPMorgan Chase & Co. from £104.30 to £103.66 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 20.84% from the company’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a £108.14 target price on shares of CRH in a research note on Thursday, April 9th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of £105.22.

CRH Trading Down 1.4%

Shares of CRH stock traded down GBX 120 during mid-day trading on Wednesday, reaching GBX 8,578. The company’s stock had a trading volume of 1,481,775 shares, compared to its average volume of 1,639,433. The company’s 50 day simple moving average is GBX 8,399.64 and its 200-day simple moving average is GBX 8,793.74. CRH has a 12-month low of GBX 6,166 and a 12-month high of GBX 9,758. The company has a quick ratio of 1.37, a current ratio of 1.48 and a debt-to-equity ratio of 82.09. The firm has a market capitalization of £57.33 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.91 and a beta of 1.24.

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.