Crest Nicholson (LON:CRST) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

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 trading hands.

Analysts Set New Price Targets

A number of research analysts have commented on CRST shares. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 95 target price on shares of Crest Nicholson in a report on Friday, July 17th. Stifel Nicolaus reissued a “hold” rating and set a GBX 125 price target on shares of Crest Nicholson in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced 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. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 112 price objective on shares of Crest Nicholson in a report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Crest Nicholson to a “hold” rating and decreased their price objective for the stock from GBX 228 to GBX 79 in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 109.57.

Crest Nicholson Trading Up 0.6%

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 50 day moving average is GBX 69.54 and its two-hundred day moving average is GBX 102.65. The stock has a market cap of £160.98 million, a price-to-earnings ratio of 69.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.33.

Crest Nicholson (LON:CRST) last issued its earnings results on Thursday, July 16th. The company reported GBX (10.10) EPS for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. Equities analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current 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.