Crest Nicholson (LON:CRST) Shares Pass Below 200 Day Moving Average of $258.12

Crest Nicholson Holdings plc (LON:CRSTGet Rating) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 258.12 ($3.12) and traded as low as GBX 218.60 ($2.64). Crest Nicholson shares last traded at GBX 218.60 ($2.64), with a volume of 707,151 shares.

Analysts Set New Price Targets

A number of brokerages have weighed in on CRST. Berenberg Bank cut shares of Crest Nicholson to a “hold” rating and cut their price objective for the stock from GBX 410 ($4.95) to GBX 250 ($3.02) in a report on Monday, September 12th. JPMorgan Chase & Co. cut their price objective on shares of Crest Nicholson from GBX 310 ($3.75) to GBX 290 ($3.50) and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Liberum Capital restated a “buy” rating and issued a GBX 390 ($4.71) price objective on shares of Crest Nicholson in a report on Wednesday, May 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Crest Nicholson from GBX 415 ($5.01) to GBX 416 ($5.03) and gave the stock a “buy” rating in a report on Tuesday, July 26th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 385.14 ($4.65).

Crest Nicholson Trading Down 7.2 %

The stock’s fifty day moving average price is GBX 251.73 and its 200 day moving average price is GBX 258.12. The company has a quick ratio of 0.72, a current ratio of 2.77 and a debt-to-equity ratio of 12.05. The stock has a market cap of £561.63 million and a PE ratio of -1,093.00.

Insider Activity

In related news, insider Peter Truscott bought 85,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were bought at an average price of GBX 228 ($2.75) per share, for a total transaction of £193,800 ($234,171.10).

Crest Nicholson Company Profile

(Get Rating)

Crest Nicholson Holdings plc builds residential homes in the United Kingdom. The company develops and sells apartments, houses, and commercial properties. It serves first-time buyers, families, and investors. The company was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

Further Reading

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