CRH (LON:CRH) Stock Price Passes Below 200-Day Moving Average of $2,596.32

Crh Plc (LON:CRH) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2,596.32 and traded as low as $2,650.00. CRH shares last traded at $2,690.00, with a volume of 1,651,133 shares.

CRH has been the topic of several recent research reports. UBS Group reaffirmed a “buy” rating on shares of CRH in a research note on Monday, September 16th. Bank of America set a GBX 3,100 ($40.51) target price on shares of CRH and gave the stock a “buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of CRH in a research note on Tuesday, July 16th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CRH in a research note on Tuesday, June 25th. Finally, Barclays downgraded shares of CRH to an “equal weight” rating and set a GBX 3,300 ($43.12) target price on the stock. in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. CRH has an average rating of “Hold” and a consensus price target of GBX 3,008.75 ($39.31).

The stock’s 50-day simple moving average is GBX 2,718.04 and its 200 day simple moving average is GBX 2,600.10. The company has a debt-to-equity ratio of 72.39, a quick ratio of 0.91 and a current ratio of 1.35. The company has a market capitalization of $21.51 billion and a PE ratio of 6.55.

The company also recently disclosed a dividend, which was paid on Wednesday, September 25th. Shareholders of record on Thursday, September 5th were given a €0.20 ($0.23) dividend. This represents a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, September 5th. CRH’s dividend payout ratio is presently 0.15%.

In other news, insider Johan Karlström acquired 2,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were bought at an average cost of GBX 2,779 ($36.31) per share, with a total value of £55,580 ($72,625.11).

CRH Company Profile (LON:CRH)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through three segments: Europe Materials, Americas Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, readymixed and precast concrete, and asphalt products; and construction accessories, architectural products, shutters and awnings, and perimeter protection and network access products.

Further Reading: The limitations of an equal weight rating

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