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

Crest Nicholson Holdings plc (LON:CRST)’s share price crossed 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CRST shares. Royal Bank Of Canada lowered shares of Crest Nicholson to an “outperform” rating and decreased their price objective for the stock from GBX 155 to GBX 95 in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 112 price objective 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. 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 note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson to a “hold” rating and decreased their target price for the company from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 121.

Crest Nicholson Stock Down 1.8%

The business’s 50 day simple moving average is GBX 79.80 and its 200-day simple moving average is GBX 117.55. The company has a market cap of £181.51 million, a price-to-earnings ratio of 78.56, a price-to-earnings-growth 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 0.72 and a current ratio of 2.63.

Insider Activity

In related news, insider Gillian Kent bought 9,538 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was bought at an average price of GBX 104 per share, with a total value of £9,919.52. Over the last three months, insiders have acquired 10,460 shares of company stock worth $1,066,912. Company insiders own 4.51% of the company’s stock.

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.