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

Shares of Crest Nicholson Holdings plc (LON:CRST) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 164.79 and traded as low as GBX 136. Crest Nicholson shares last traded at GBX 139.70, with a volume of 355,539 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRST shares. Berenberg Bank dropped their price objective on Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a research note on Tuesday, November 18th. JPMorgan Chase & Co. lowered their target price on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Peel Hunt reiterated an “add” rating and set a GBX 190 price target on shares of Crest Nicholson in a report on Tuesday, November 18th. Finally, Jefferies Financial Group dropped their target price on shares of Crest Nicholson from GBX 254 to GBX 251 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 195.25.

Crest Nicholson Stock Performance

The firm has a fifty day simple moving average of GBX 148.38 and a 200 day simple moving average of GBX 164.69. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The stock has a market cap of £358.13 million, a price-to-earnings ratio of -4.87, a PEG ratio of 0.51 and a beta of 2.00.

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.