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

Crest Nicholson Holdings plc (LON:CRST)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

CRST has been the subject of several recent analyst reports. Berenberg Bank reduced their price objective on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating for the company in a research report on Tuesday, November 18th. Peel Hunt reissued an “add” rating and issued a GBX 190 price target on shares of Crest Nicholson in a research report on Tuesday, November 18th. Jefferies Financial Group dropped their price objective on Crest Nicholson from GBX 254 to GBX 251 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. reduced their target price on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a report on Thursday, December 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 195.25.

Crest Nicholson Price Performance

The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27. The company has a market capitalization of £352.36 million, a PE ratio of -4.79, a P/E/G ratio of 0.51 and a beta of 2.00. The company’s 50-day simple moving average is GBX 152.01 and its 200-day simple moving average is GBX 166.34.

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.