Crest Nicholson (LON:CRST) Share Price Passes Above 50-Day Moving Average – Here’s Why

Crest Nicholson Holdings plc (LON:CRST) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 166.68 ($2.09) and traded as high as GBX 169.70 ($2.13). Crest Nicholson shares last traded at GBX 166.10 ($2.08), with a volume of 120,277 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRST. Berenberg Bank cut their price target on shares of Crest Nicholson from GBX 280 ($3.51) to GBX 215 ($2.70) and set a “hold” rating on the stock in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Crest Nicholson to a “neutral” rating and boosted their target price for the stock from GBX 180 ($2.26) to GBX 190 ($2.38) in a research note on Thursday, December 5th.

Crest Nicholson Trading Up 0.8 %

The stock’s fifty day simple moving average is GBX 166.68 and its 200-day simple moving average is GBX 202.45. The company has a debt-to-equity ratio of 13.12, a current ratio of 3.13 and a quick ratio of 0.72. The firm has a market cap of £429.26 million, a PE ratio of -1,674.69, a PEG ratio of 0.51 and a beta of 2.00.

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.