CRH plc : The beginning of the move
Entry price | Target | Stop-loss | Potential |
---|
GBX 4,072 |
GBX 4,353 |
GBX 3,800 |
+6.9% |
---|
CRH plc shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
● The company has a good ESG score relative to its sector, according to Refinitiv.
Strengths● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● Over the past four months, analysts' average price target has been revised upwards significantly.
● The group usually releases upbeat results with huge surprise rates.
Weaknesses● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness.
● The average consensus view of analysts covering the stock has deteriorated over the past four months.
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