Crest Nicholson (LON:CRST) Stock Crosses Below 200-Day Moving Average of $195.89

Crest Nicholson Holdings plc (LON:CRST)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 195.89 ($2.48) and traded as low as GBX 189 ($2.39). Crest Nicholson shares last traded at GBX 194.50 ($2.46), with a volume of 784,812 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating and issued a GBX 237 ($3.00) price objective on shares of Crest Nicholson in a research report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Crest Nicholson currently has an average rating of “Hold” and a consensus target price of GBX 216.40 ($2.73).

Crest Nicholson Price Performance

The company has a market capitalization of £499.71 million, a price-to-earnings ratio of 2,778.57, a price-to-earnings-growth ratio of 0.51 and a beta of 1.96. The company has a quick ratio of 0.72, a current ratio of 3.33 and a debt-to-equity ratio of 12.16. The company has a 50 day simple moving average of GBX 211.11 and a 200 day simple moving average of GBX 195.89.

Crest Nicholson Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Thursday, March 21st will be paid a GBX 11.50 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a dividend yield of 5.62%. This is a positive change from Crest Nicholson’s previous dividend of $5.50. Crest Nicholson’s dividend payout ratio (DPR) is 24,285.71%.

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.