Crest Nicholson (LON:CRST) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Crest Nicholson Holdings plc (LON:CRST) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 153.10 and traded as low as GBX 151. Crest Nicholson shares last traded at GBX 153.09, with a volume of 617,917 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRST. Berenberg Bank decreased their price objective on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a report on Tuesday, November 18th. JPMorgan Chase & Co. lowered their price target on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Peel Hunt reiterated an “add” rating and issued a GBX 190 price objective on shares of Crest Nicholson in a report on Tuesday, November 18th. Royal Bank Of Canada raised their target price on Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a report on Monday, February 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 230 target price on shares of Crest Nicholson in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 195.

Crest Nicholson Trading Down 2.9%

The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27. The company’s 50-day moving average price is GBX 147.81 and its 200-day moving average price is GBX 153.10. The firm has a market capitalization of £392.89 million, a PE ratio of 170.10, a PEG ratio of 0.51 and a beta of 2.00.

Crest Nicholson (LON:CRST) last posted its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share for the quarter. Crest Nicholson had a negative return on equity of 3.47% and a negative net margin of 4.21%. On average, sell-side analysts expect that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

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.