Crest Nicholson (LON:CRST) Shares Pass Below Two Hundred Day Moving Average of $197.93

Crest Nicholson Holdings plc (LON:CRST)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 197.93 ($2.49) and traded as low as GBX 182.20 ($2.29). Crest Nicholson shares last traded at GBX 188.50 ($2.37), with a volume of 575,588 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRST. Jefferies Financial Group reissued a “hold” rating and issued a GBX 237 ($2.98) price target on shares of Crest Nicholson in a report on Wednesday, March 20th. JPMorgan Chase & Co. raised their target price on Crest Nicholson from GBX 160 ($2.01) to GBX 180 ($2.26) and gave the company an “underweight” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 222.40 ($2.79).

Crest Nicholson Stock Up 0.7 %

The stock has a market cap of £487.76 million, a P/E ratio of 2,692.86, a P/E/G ratio of 0.51 and a beta of 1.96. The firm has a 50 day simple moving average of GBX 200.85 and a two-hundred day simple moving average of GBX 197.93. The company has a debt-to-equity ratio of 12.16, a quick ratio of 0.72 and a current ratio of 3.33.

About Crest Nicholson

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.