Crest Nicholson (LON:CRST) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Crest Nicholson Holdings plc (LON:CRST)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 118.37 and traded as low as GBX 65.60. Crest Nicholson shares last traded at GBX 67.80, with a volume of 13,805,968 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Berenberg Bank lowered their target price on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson to a “hold” rating and lowered their target price for the stock from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Jefferies Financial Group reissued a “buy” rating and set a GBX 112 target price on shares of Crest Nicholson in a research note on Tuesday, May 5th. Stifel Nicolaus reissued a “hold” rating and set a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada lowered shares of Crest Nicholson to an “outperform” rating and lowered their target price for the stock from GBX 155 to GBX 95 in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 121.

Crest Nicholson Stock Performance

The company has a current ratio of 2.63, a quick ratio of 0.72 and a debt-to-equity ratio of 24.15. The firm’s 50-day moving average is GBX 81.05 and its two-hundred day moving average is GBX 118.37. The stock has a market cap of £176.12 million, a price-to-earnings ratio of 76.22, a P/E/G ratio of 0.51 and a beta of 1.34.

Insider Buying and Selling at Crest Nicholson

In related news, insider Gillian Kent purchased 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, for a total transaction of £9,919.52. In the last three months, insiders have bought 10,018 shares of company stock worth $1,036,856. 4.51% of the stock is owned by corporate insiders.

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.