Crest Nicholson (LON:CRST) Shares Pass Below 200 Day Moving Average – Here’s What Happened

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 ($2.42) and traded as low as GBX 178.60 ($2.23). Crest Nicholson shares last traded at GBX 179.30 ($2.24), with a volume of 1,300,949 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on CRST shares. JPMorgan Chase & Co. upgraded Crest Nicholson to a “neutral” rating and increased their target price for the stock from GBX 180 ($2.25) to GBX 190 ($2.37) in a report on Thursday, December 5th. Berenberg Bank decreased their price objective on shares of Crest Nicholson from GBX 280 ($3.50) to GBX 215 ($2.68) and set a “hold” rating on the stock in a report on Tuesday, October 22nd.

Crest Nicholson Price Performance

The company has a market capitalization of £458.81 million, a price-to-earnings ratio of -1,790.00, a PEG ratio of 0.51 and a beta of 2.00. The company has a current ratio of 3.13, a quick ratio of 0.72 and a debt-to-equity ratio of 13.12. The company has a 50 day moving average price of GBX 166.17 and a 200 day moving average price of GBX 193.34.

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.