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Wednesday, 1 February 2017

CRH: time to sell

Having fallen a little over the last 5 days, should we expect CRH to recover?

Not at all!

With a P/E of c. 27, the stock is over-priced. Even with a continuation of profit growth at almost 8%, a significant fall in price must be anticipated.

I would say: sell now and buy later after the price tumbles to around £22 ( LSE price).