CRH Price Prediction Next Week
Technical Analysis: CRH's stock shows a bullish trend with recent consolidation. The RSI-14 at 47.39 indicates neutral momentum, while MACD (1.95) remains positive despite slight bearish divergence (-0.20). The stock is trading above all major moving averages (SMA 20: 102.30, SMA 200: 89.43), suggesting strong underlying strength.
Price Levels Analysis:
- Support levels: $100.53 (Fibonacci S1), $97.78 (Fibonacci S2)
- Resistance levels: $109.45 (Fibonacci R1), $112.20 (Fibonacci R2)
- Current price ($100.34) is testing Fibonacci S1 support
News Impact:
- Recent acquisition of Gardenscape facilities demonstrates continued expansion strategy
- CRH identified as "shared favorite" among hedge funds and mutual funds, indicating strong institutional confidence
- Q4 and Full Year 2024 results announcement scheduled for February 26, which could create short-term volatility
Price Prediction for Next Week: Based on technical indicators and news sentiment:
- Bullish scenario (60% probability): Price likely to bounce from current Fibonacci S1 support
- Target: $104.99 (Fibonacci pivot)
- Stop loss: $97.78 (Fibonacci S2)
Trading Recommendation: BUY at current levels ($100.34) with following parameters:
- Entry: $100.34-101.50
- Target: $104.99
- Stop Loss: $97.78
- Risk/Reward ratio: 1:1.5
The positive institutional sentiment, strong technical setup, and upcoming earnings catalyst provide favorable conditions for a bullish move next week.
CRH Similar Chart Price Prediction
The price of CRH is predicted to go up -4.42%, based on the high correlation periods with NOAH. The similarity of these two price pattern on the periods is 96.13%.
CRH
NOAH
Down: -4.42%Similarity: 96.13%
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%
