The stock of CRH PLC (UK) (LON:CRH) hit a new 52-week high and has GBX 7985.06 target or 181.00% above today’s GBX 2841.66 share price. The 8 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 10 by Barchart.com. If the GBX 7985.06 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.13% or GBX 31.66 on November 10, hitting GBX 2841.66. About 6.64 million shares traded hands or 336.84% up from the average. CRH PLC (UK) (LON:CRH) has risen 38.97% since April 12, 2016 and is uptrending. It has outperformed by 33.32% the S&P500.
CRH PLC (UK) (LON:CRH) Ratings Coverage
Out of 10 analysts covering CRH PLC (LON:CRH), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. GBX 3300 is the highest target while GBX 1968 is the lowest. The GBX 2561.83 average target is -9.85% below today’s (GBX 2841.66) stock price. CRH PLC has been the topic of 40 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Wednesday, March 9 by Deutsche Bank. Deutsche Bank maintained CRH PLC (UK) (LON:CRH) on Friday, July 24 with “Hold” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, October 9. Deutsche Bank maintained CRH PLC (UK) (LON:CRH) on Wednesday, May 11 with “Hold” rating. The stock of CRH PLC (UK) (LON:CRH) has “Hold” rating given on Friday, September 18 by Deutsche Bank. Beaufort Securities maintained CRH PLC (UK) (LON:CRH) on Thursday, April 28 with “Hold” rating. BNP Paribas upgraded the stock to “Outperform” rating in Friday, January 15 report. The firm earned “Add” rating on Friday, March 4 by Numis Securities. The company was maintained on Thursday, November 19 by UBS. The stock of CRH PLC (UK) (LON:CRH) has “Hold” rating given on Monday, March 21 by Deutsche Bank.
More recent CRH PLC (UK) (LON:CRH) news were published by: Uk.Finance.Yahoo.com which released: “PEG Ratio (5 yr expected):” on March 17, 2014. Also Fool.Co.Uk published the news titled: “Should you buy Antofagasta plc, CRH plc (UK) and British Polythene Industries …” on April 27, 2016. Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: May 30, 2009 was also an interesting one.
CRH plc manufactures and distributes a range of products servicing the construction needs, from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal. The company has a market cap of GBP.
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