Crest Nicholson (LON:CRST) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Crest Nicholson Holdings plc (LON:CRST)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 125.83 and traded as low as GBX 69.30. Crest Nicholson shares last traded at GBX 71.50, with a volume of 2,813,348 shares traded.

Analysts Set New Price Targets

CRST has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft cut Crest Nicholson to a “hold” rating and decreased their target price for the stock from GBX 228 to GBX 79 in a research report on Wednesday, April 22nd. Royal Bank Of Canada cut Crest Nicholson to an “outperform” rating and decreased their target price for the stock from GBX 155 to GBX 95 in a research report on Wednesday, April 22nd. Berenberg Bank cut their target price on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 112 price target on shares of Crest Nicholson in a research note on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crest Nicholson presently has an average rating of “Hold” and a consensus price target of GBX 121.

Crest Nicholson Trading Up 2.7%

The stock has a market cap of £183.56 million, a price-to-earnings ratio of 79.44, a PEG ratio of 0.51 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15. The business has a 50-day moving average of GBX 90.06 and a 200-day moving average of GBX 125.83.

Insiders Place Their Bets

In other news, insider Gillian Kent acquired 9,538 shares of Crest Nicholson stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average price of GBX 104 per share, with a total value of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of Crest Nicholson stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total value of £69,576.27. In the last three months, insiders have purchased 10,258 shares of company stock valued at $1,066,856. Insiders own 4.49% of the company’s stock.

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.