Crest Nicholson (LON:CRST) Share Price Crosses Below 200-Day Moving Average – Should You 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 125.83 and traded as low as GBX 69.30. Crest Nicholson shares last traded at GBX 71.50, with a volume of 2,813,348 shares.

Wall Street Analysts Forecast Growth

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

Crest Nicholson Stock Up 2.7%

The stock has a market capitalization of £183.56 million, a P/E ratio of 79.44, a P/E/G ratio of 0.51 and a beta of 1.35. 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 fifty day moving average is GBX 90.06 and its 200-day moving average is GBX 125.83.

Insider Activity at Crest Nicholson

In other news, insider Martyn Clark sold 46,077 shares of Crest Nicholson stock in a transaction on Monday, March 2nd. The stock was sold at an average price of GBX 151, for a total value of £69,576.27. Also, insider Gillian Kent bought 9,538 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were purchased at an average price of GBX 104 per share, with a total value of £9,919.52. Insiders purchased a total of 10,258 shares of company stock valued at $1,066,856 in the last 90 days. 4.49% of the stock is currently owned by corporate insiders.

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.