CRH Price Prediction Next Week
Technical Analysis:
Based on the technical analysis, CRH stock shows a strong upward trend with recent consolidation. The stock closed at $102.52 on February 28, 2025, with a 1% gain. The stock has been trading in a range between $99.86 and $102.93 during the last trading session.
News Sentiment & Fundamental Analysis:
Recent positive catalysts include:
- Core profit growth forecast of 6-12% for 2025, following 12% growth in 2024
- Strong infrastructure and non-residential activity, particularly in North America
- Benefiting from increased U.S. public capital spending
- Potential advantages from global protectionist trade policies
Analyst Ratings:
- Kepler Capital: Buy rating with $125 price target
- Bank of America: Buy rating
- Berenberg Bank: Buy rating with $120 price target
- Barclays: Buy rating with $110 price target
Price Prediction for Next Week:
Based on technical indicators and positive news sentiment:
- Support levels: $101.42 and $100.31
- Resistance levels: $104.22
- Expected trading range: $100.38 to $117.85 with 90% probability
Trading Recommendation: BUY with an entry point at current levels ($102.52)
- Short-term target: $104.22 (first resistance)
- Medium-term target: $110-120 (based on analyst consensus)
- Stop-loss: $97.11 (-5.28%)
Rationale:
- Strong fundamental outlook with projected profit growth
- Unanimous Buy ratings from major analysts
- Technical indicators showing positive momentum
- Positive insider sentiment with increased buying activity
- Favorable industry conditions, especially in North America
The stock currently trades at a P/E ratio of 20.75, which appears reasonable given the company's growth prospects and market position.
CRH Similar Chart Price Prediction
The price of CRH is predicted to go up 2.19%, based on the high correlation periods with SPTN. The similarity of these two price pattern on the periods is 93.76%.
CRH
SPTN
Up: 2.19%Similarity: 93.76%
CRH Revenue Forecast
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CRH VS S&P500
As the largest roadbuilder in North America, CRH is well positioned to commence public infrastructure projects underpinned by the $1.2 trillion Infrastructure Investment and Jobs Act, which will see a 50% increase in federal highway funding.
CRH's superior outlook to peers is driven by its optimal product mix and a greater contribution of earnings to North America, where demand pressures are milder than in Europe.
Management has been an astute capital allocator and its healthy balance sheet provides plenty of room to increase capital to shareholders or perform M&As.
CRH Analyst's Forecast
Anthony Pettinari
Citigroup
Strong Buy
2025-01-06
Price Target
$120 → $115
Upside
+22.85%
Citi lowered the firm's price target on CRH to $115 from $120 and keeps a Buy rating on the shares. Citi updated estimates and top picks as part of a 2025 outlook for the homebuilding and building products group. The firm's 2025 earnings estimates fell 3% on average, and are now below consensus for most producers. After housing starts, remodeling spend, and cement volumes fell in 2024, Citi expects a "very modest rebound year" in 2025, the analyst tells investors in a research note. The firm remains cautious on homebuilders, which it says have the greatest sensitivity to elevated rates. Its top picks are CRH (CRH), Owens Corning (OC), and Vulcan Materials (VMC).
Elodie Rall
JP Morgan
Buy
2024-11-20
Price Target
$114 → $116
Upside
+15.77%
Brent Thielman
DA Davidson
Strong Buy
2024-11-11
Price Target
$110 → $120
Upside
+17.32%
