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

Crest Nicholson Holdings plc (LON:CRST) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 102.65 and traded as low as GBX 61.50. Crest Nicholson shares last traded at GBX 62.70, with a volume of 1,422,226 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 95 price target on shares of Crest Nicholson in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft cut Crest Nicholson to a “hold” rating and lowered their price objective for the company from GBX 228 to GBX 79 in a research report on Wednesday, April 22nd. Berenberg Bank reduced their target price on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Stifel Nicolaus restated a “hold” rating and set a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target 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 issued a Hold rating to the company. According to data from MarketBeat, Crest Nicholson has an average rating of “Hold” and a consensus price target of GBX 109.57.

Crest Nicholson Price Performance

The company has a quick ratio of 0.71, a current ratio of 2.24 and a debt-to-equity ratio of 35.57. The firm’s fifty day moving average price is GBX 69.54 and its 200 day moving average price is GBX 102.65. The stock has a market cap of £160.98 million, a PE ratio of 69.67, a P/E/G ratio of 0.51 and a beta of 1.33.

Crest Nicholson (LON:CRST) last posted its earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. As a group, equities analysts expect that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current fiscal year.

Crest Nicholson Company Profile

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.