CRH Plc (NYSE: CRH) Is Up 34.28 Percent Year-To-Date, But Analysts Anticipate A Price Rally

CRH Plc (NYSE:CRH) traded at $92.87 at last check on current trade day and made an upward move of 0.64% on its previous day’s price.

Looking at the stock we see that its previous close was $92.28 and the beta (5Y monthly) reads 1.383 with the day’s price range being $92.3 – $93.3. In terms of its 52-week price range, CRH has a high of $94.14 and a low of $51.59. The company’s stock has gained about 4.15% over that past 30 days.

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CRH Plc has a market cap of $63.41 billion and is expected to release its quarterly earnings report on 2024-Nov-07. With its Forward Dividend at 2.38 and a yield of 2.56%, the company’s investors could be anxious for the CRH stock to gain ahead of the earnings release.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 10.56B, with a low of 10.4B and a high of 10.82B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 36.24B, or 3.70% up from figures reported last year.

On the other hand, looking at the outlook for the CRH stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.

Based on estimates by 8 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the CRH Plc (CRH) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 1.89% off its SMA20 and 5.73% from its 50-day simple moving average. The RSI (14) is pointing at 62.93 while the volatility over the past week is 1.97% and jumps to 1.82% over the past one month. The beta value is 1.38, while the average true range (ATR) is currently pointing at 1.85. The average price target for the stock over the next 12 months is $99, with the estimates having a low of $88 and a high of $110. These price ends are 5.24% and -18.45% off the today’s price level respectively, although investors could be excited at the prospect of a -6.6% if the CRH share price touches on the median price of $99.

Coming back to CRH Plc (NYSE:CRH), we note that the average 3-month trading volume was 4.06 million, while that of the preceding 10-day period stands at 3.42 million. Current shares outstanding are 692.10 million.

The insiders hold 0.86% of the company’s shares while institutions hold 84.48%. The data shows that short shares as of 2024-09-30, stood at 10.93 million at a short ratio of 2.72. Shares short rose in September from the previous month at 10.05 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 34.28% up in year-to-date price movement.

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