CRH Price Prediction Next Week
Technical Analysis: Based on the technical indicators, CRH shows a bullish momentum with RSI at 70.57, indicating overbought conditions. The MACD of 0.92 suggests positive momentum. The stock is trading above its 20-day SMA of $94.94 and 60-day SMA of $97.62, confirming an upward trend.
Price Levels and Support/Resistance: Fibonacci analysis indicates key levels:
- Resistance: $103.75 (R2), $108.32 (R3)
- Support: $91.80 (S1), $88.98 (S2) Current price is near the first resistance level, suggesting potential for a short-term pullback.
News Sentiment Analysis: Recent news shows mixed but generally positive sentiment:
- Citigroup maintained Buy rating but lowered price target to $115
- CRH is highlighted as a value stock by Seth Klarman's Baupost Group, indicating strong institutional confidence
- The company shows strong fundamentals with double-digit earnings growth and robust demand in infrastructure markets
Price Prediction for Next Week: Based on technical and fundamental factors:
- Base case (60% probability): $98-101 range
- Bullish case (25% probability): Break above $103.75, targeting $108
- Bearish case (15% probability): Pullback to $94-96 range
Trading Recommendation: HOLD/SELL position for next week. While long-term outlook remains positive, current overbought conditions and proximity to resistance levels suggest a potential short-term pullback. Traders should consider taking profits at current levels and wait for a pullback to $94-96 range for new entries.
CRH Similar Chart Price Prediction
The price of CRH is predicted to go up -2.46%, based on the high correlation periods with IRTC. The similarity of these two price pattern on the periods is 97.47%.
CRH
IRTC
Down: -2.46%Similarity: 97.47%
CRH Revenue Forecast
CRH EPS Forecast
CRH FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
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
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
Price Target
$114 → $116
Upside
+15.77%
Brent Thielman
DA Davidson
Strong Buy
Price Target
$110 → $120
Upside
+17.32%