CRH Plc [CRH] Is Currently -0.36 below its 200 Period Moving Avg: What Does This Mean?

CRH Plc [NYSE: CRH] stock went on a downward path that fall over -0.36% on Thursday, amounting to a one-week price increase of more than 1.42%. The company report on March 21, 2024 at 5:30 AM that Transaction in Own Shares.

Over the last 12 months, CRH stock rose by 72.11%. The one-year CRH Plc stock forecast points to a potential upside of 5.39. The average equity rating for CRH stock is currently 1.38, trading closer to a bullish pattern in the stock market.

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The market cap for the stock reached $59.28 billion, with 692.10 million shares outstanding and 685.52 million shares in the current float. Compared to the average trading volume of 3.75M shares, CRH stock reached a trading volume of 3421934 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on CRH Plc [CRH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRH shares is $90.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRH stock is a recommendation set at 1.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DA Davidson have made an estimate for CRH Plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 19, 2024. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on December 14, 2023, representing the official price target for CRH Plc stock. Previously, the target price had yet another raise to $58, while Goldman analysts kept a Neutral rating on CRH stock.

The Average True Range (ATR) for CRH Plc is set at 1.58, with the Price to Sales ratio for CRH stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 2.76, with the Price to Cash per share for the same quarter was set at 9.17. Price to Free Cash Flow for CRH in the course of the last twelve months was 21.18 with Quick ratio for the last quarter at 1.26.

CRH Stock Performance Analysis:

CRH Plc [CRH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.42. With this latest performance, CRH shares gained by 10.40% in over the last four-week period, additionally plugging by 55.96% over the last 6 months – not to mention a rise of 72.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRH stock in for the last two-week period is set at 69.01, with the RSI for the last a single of trading hit 69.08, and the three-weeks RSI is set at 68.88 for CRH Plc [CRH]. The present Moving Average for the last 50 days of trading for this stock 76.49, while it was recorded at 84.87 for the last single week of trading, and 62.76 for the last 200 days.

Insight into CRH Plc Fundamentals:

CRH Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.26 and a Current Ratio set at 1.70.

CRH Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CRH Plc go to 13.63%.

CRH Plc [CRH] Institutonal Ownership Details

The top three institutional holders of CRH stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CRH stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CRH stock with ownership which is approximately 5.8325%.