This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Irish p4
CRH (CRH) / Building Materials
- FY 2015 results were well received and ushered the shares back towards multi-year highs. CRH appears un-phased by concerns about global growth and exudes confidence in the US and Europe.
- Rating agency Moody’s recently said “Strong US and UK markets will stabilize Europe’s building materials sector outlook till 2017.” However, the UK market could well suffer in the shorter term due to Brexit fears (less international interest in the London property scene while the UK decides)
Research and updates provided by Accendo Markets will help you ascertain whether you think CRH shares will fall back towards lows of €20 or rally on to make new highs above €28?
Broker Consensus
Think shares will rise? €10,000 worth of exposure to CRH shares (i.e. 400 shares at €25) can be secured for just €500 with a CFD. If the price subsequently moved up to €28 (a 12% move), you would make €1,200.
Think they’ll fall? The same position size (i.e. a €500 deposit for €10,000 worth of exposure), but betting in the opposite direction, might look for shares to fall 20% to recent lows of €20. If called right, you would make €2,000.
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Prepared by Michael van Dulken, Head of Research
