CRH Price Prediction Next Week
Analysis and Insights
Fundamental Analysis:
CRH PLC (CRH) has shown resilience despite reporting disappointing Q4 earnings, with the stock rising 2.7% on the day of the report. The company is part of the Construction - Raw Materials industry and is rated highly by the Multi-Factor Investor model, indicating strong interest based on low volatility, momentum, and high net payout yields. J.P. Morgan maintains an Overweight rating on CRH, expecting strong fiscal 2025 ebitda growth, supported by solid pricing and operational efficiencies.
Technical Analysis:
The stock is currently trading near the lower Bollinger Band, suggesting it may be oversold. The RSI (14) is at 38.92, indicating potential undervaluation. The MACD is bearish, but the stock is approaching a Fibonacci support level at 92.97.
News Sentiment:
Recent news highlights CRH's share buyback program, returning $0.3 billion to shareholders, which is a positive signal for investor confidence. Additionally, CRH's annual report indicates a stable financial position and commitment to returning value to shareholders.
Price Prediction:
Based on the analysis, CRH is expected to rebound next week with a target price of $99.09. The stock is near a Fibonacci support level, and the share buyback program could provide upward momentum.
Recommendation:
Buy CRH with a target price of $99.09 and a stop-loss at $92.97. The stock's oversold condition and positive news suggest a potential rebound.
CRH Similar Chart Price Prediction
The price of CRH is predicted to go up -23.27%, based on the high correlation periods with GASS. The similarity of these two price pattern on the periods is 93.99%.
CRH
GASS
Down: -23.27%Similarity: 93.99%
CRH Revenue Forecast
CRH EPS Forecast
CRH FAQs
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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%
