Crest Nicholson (LON:CRST) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

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

Analyst Ratings Changes

A number of brokerages have recently commented on CRST. Berenberg Bank lowered their price objective on Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson to a “hold” rating and cut their target price for the stock from GBX 228 to GBX 79 in a research report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a GBX 112 price target on shares of Crest Nicholson in a report on Tuesday, May 5th. Royal Bank Of Canada downgraded Crest Nicholson to an “outperform” rating and lowered their price target for the company from GBX 155 to GBX 95 in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their price objective on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Crest Nicholson currently has an average rating of “Hold” and a consensus price target of GBX 109.57.

Crest Nicholson Stock Performance

The company has a quick ratio of 0.71, a current ratio of 2.63 and a debt-to-equity ratio of 24.15. The firm has a market capitalization of £187.42 million, a price-to-earnings ratio of 81.11, a P/E/G ratio of 0.51 and a beta of 1.34. The business has a 50-day moving average of GBX 73.99 and a two-hundred day moving average of GBX 113.35.

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.