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

Crest Nicholson Holdings plc (LON:CRST) 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 changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRST shares. JPMorgan Chase & Co. raised shares of Crest Nicholson to a “neutral” rating and raised their price objective for the company from GBX 180 ($2.25) to GBX 190 ($2.37) in a research report on Thursday, December 5th. Berenberg Bank reduced their price objective on shares of Crest Nicholson from GBX 280 ($3.50) to GBX 215 ($2.68) and set a “hold” rating for the company in a research note on Tuesday, October 22nd.

Crest Nicholson Stock Performance

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

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.