Crest Nicholson (LON:CRST) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Crest Nicholson Holdings plc (LON:CRST) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 193.54 ($2.39) and traded as low as GBX 178.60 ($2.21). Crest Nicholson shares last traded at GBX 179.30 ($2.21), with a volume of 1,300,949 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CRST. JPMorgan Chase & Co. raised Crest Nicholson to a “neutral” rating and raised their price objective for the company from GBX 180 ($2.22) to GBX 190 ($2.35) in a research report on Thursday, December 5th. Berenberg Bank lowered their price target on shares of Crest Nicholson from GBX 280 ($3.46) to GBX 215 ($2.66) and set a “hold” rating on the stock in a report on Tuesday, October 22nd.

Crest Nicholson Stock Up 0.1 %

The business’s 50 day moving average is GBX 165.09 and its 200 day moving average is GBX 193.54. The company has a market capitalization of £459.58 million, a price-to-earnings ratio of -1,793.00, a PEG ratio of 0.51 and a beta of 2.00. The company has a debt-to-equity ratio of 13.12, a quick ratio of 0.72 and a current ratio of 3.13.

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.