CRH (LON:CRH) Stock Crosses Below 200 Day Moving Average – What’s Next?

CRH plc (LON:CRH) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,958.53 and traded as low as GBX 114.36. CRH shares last traded at GBX 114.91, with a volume of 5,649,529 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. cut their target price on shares of CRH from £104.30 to £103.66 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of £105.22.

CRH Price Performance

The company’s 50 day simple moving average is GBX 114.91 and its 200 day simple moving average is GBX 3,896.17. The company has a current ratio of 1.74, a quick ratio of 1.37 and a debt-to-equity ratio of 82.09. The stock has a market capitalization of £768.04 million, a PE ratio of 0.21, a PEG 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.