Crest Nicholson (LON:CRST) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Crest Nicholson Holdings plc (LON:CRST) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 171.66 and traded as low as GBX 136.80. Crest Nicholson shares last traded at GBX 142.80, with a volume of 700,953 shares.

Analysts Set New Price Targets

CRST has been the topic of several recent analyst reports. Peel Hunt reiterated an “add” rating and issued a GBX 190 price target on shares of Crest Nicholson in a report on Tuesday, November 18th. Jefferies Financial Group dropped their target price on shares of Crest Nicholson from GBX 254 to GBX 251 and set a “buy” rating for the company in a research report on Wednesday, November 19th. Finally, Berenberg Bank reduced their price target on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a research report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 202.75.

Crest Nicholson Stock Performance

The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94. The firm has a market cap of £368.37 million, a P/E ratio of -5.01, a P/E/G ratio of 0.51 and a beta of 2.00. The business has a fifty day simple moving average of GBX 159.95 and a 200-day simple moving average of GBX 171.34.

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.