CRH PLC operates a building materials business. The Company operates building materials business in North America and heavy side materials business in Europe. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products and Asia. Its products are used in construction projects ranging from foundations, to frame and roofing, to fitting out the interior space and improving the exterior aesthetic, to on-site works and infrastructural projects, including roads and bridges.
Market Cap: £16.49Billion
CRH sold off aggressively during the recent market crash. The bounce from the lows has been equally as aggressive but now looks overdone. The close below the 10EMA suggest the short-term momentum has been lost and further declines could now be seen. We look to target the 2016 lows.
Target 1: 1850p
Target 2: 1600p
Target 3: 1395p
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