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

Crest Nicholson Holdings plc (LON:CRST)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 199.97 ($2.49) and traded as low as GBX 158 ($1.97). Crest Nicholson shares last traded at GBX 161.10 ($2.01), with a volume of 619,071 shares changing hands.

Wall Street Analysts Forecast Growth

CRST has been the subject of a number of analyst reports. Berenberg Bank reduced their price objective on shares of Crest Nicholson from GBX 280 ($3.49) to GBX 215 ($2.68) and set a “hold” rating for the company in a report on Tuesday, October 22nd. JPMorgan Chase & Co. upgraded Crest Nicholson to a “neutral” rating and lifted their price target for the company from GBX 180 ($2.25) to GBX 190 ($2.37) in a research note on Thursday, December 5th.

Crest Nicholson Stock Performance

The company’s 50 day moving average price is GBX 165.12 and its 200-day moving average price is GBX 199.97. The stock has a market cap of £408.32 million, a P/E ratio of -1,593.00, a price-to-earnings-growth 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.