Is CRH Plc (NYSE: CRH) Back In The Buying Zone?

Currently, there are 692.10M common shares owned by the public and among those 685.23M shares have been available to trade.

The company’s stock has a 5-day price change of -0.88% and -6.60% over the past three months. CRH shares are trading 13.82% year to date (YTD), with the 12-month market performance up to 97.29% higher. It has a 12-month low price of $50.70 and touched a high of $88.00 over the same period. CRH has an average intraday trading volume of 5.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.92%, -1.85%, and 12.00% respectively.

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Institutional ownership of CRH Plc (NYSE: CRH) shares accounts for 67.42% of the company’s 692.10M shares outstanding.

It has a market capitalization of $54.39B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 20.25, while the earnings-per-share (ttm) stands at $3.89. The company has a PEG of 1.97 and a Quick Ratio of 0.91 with the debt-to-equity ratio at 0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.83% over the week and 2.50% over the month.

Earnings per share for the fiscal year are expected to increase by 15.48%, and 9.13% over the next financial year. EPS should shrink at an annualized rate of 10.27% over the next five years, compared to 26.26% over the past 5-year period.

Looking at the support for the CRH, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on May 14, 2024, with the firm’s price target at $110. Stifel coverage for the CRH Plc (CRH) stock in a research note released on April 15, 2024 offered a Hold rating with a price target of $82. Vertical Research was of a view on March 22, 2024 that the stock is Buy, while DA Davidson gave the stock Buy rating on January 19, 2024, issuing a price target of $82. Truist on their part issued Buy rating on December 14, 2023.

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