Crest Nicholson (LON:CRST) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Crest Nicholson Holdings plc (LON:CRST)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 113.35 and traded as low as GBX 68.90. Crest Nicholson shares last traded at GBX 73, with a volume of 2,424,307 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Royal Bank Of Canada downgraded shares of Crest Nicholson to an “outperform” rating and reduced their price target for the company from GBX 155 to GBX 95 in a research report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson to a “hold” rating and dropped their price objective for the company from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 112 price objective on shares of Crest Nicholson in a report on Tuesday, May 5th. Berenberg Bank decreased 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, JPMorgan Chase & Co. lowered their target price on shares of Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 109.57.

Crest Nicholson Price Performance

The stock has a market cap of £193.83 million, a PE ratio of 83.89, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.71 and a current ratio of 2.63. The business has a 50 day moving average price of GBX 73.43 and a two-hundred day moving average price of GBX 112.91.

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.