Crest Nicholson (LON:CRST) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Crest Nicholson Holdings plc (LON:CRST – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 166.34 and traded as low as GBX 132.20. Crest Nicholson shares last traded at GBX 140.10, with a volume of 1,490,355 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Berenberg Bank decreased their price target on Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a report on Tuesday, November 18th. Peel Hunt reaffirmed an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a research note on Tuesday, November 18th. Jefferies Financial Group dropped their price target on shares of Crest Nicholson from GBX 254 to GBX 251 and set a “buy” rating for the company in a research note on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 195.25.

Get Our Latest Report on CRST

Crest Nicholson Stock Down 3.2%

The stock has a market capitalization of £347.62 million, a price-to-earnings ratio of -4.72, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The firm’s 50 day simple moving average is GBX 151.46 and its 200-day simple moving average is GBX 165.98. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94.

About Crest Nicholson

(Get Free Report)

Crest Nicholson Holdings plc engages in building residential homes in the United Kingdom. It develops and sells apartments, houses, and commercial properties. The company was founded in 1963 and is headquartered in Addlestone, the United Kingdom.

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