Crest Nicholson (LON:CRST) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Crest Nicholson Holdings plc (LON:CRST)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 93.26 and traded as low as GBX 66.70. Crest Nicholson shares last traded at GBX 69.50, with a volume of 19,430,461 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 95 target price on shares of Crest Nicholson in a research note on Friday, July 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 107 price objective on shares of Crest Nicholson in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Crest Nicholson has an average rating of “Hold” and a consensus price target of GBX 108.86.

Crest Nicholson Trading Down 2.4%

The stock has a market cap of £174.28 million, a PE ratio of 8.07, a PEG ratio of 0.51 and a beta of 1.32. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 35.57. The firm has a fifty day simple moving average of GBX 68.10 and a two-hundred day simple moving average of GBX 92.50.

Crest Nicholson (LON:CRST) last issued its quarterly earnings data on Thursday, July 16th. The company reported GBX (10.10) EPS for the quarter. Crest Nicholson had a negative return on equity of 4.32% and a negative net margin of 5.44%. As a group, equities analysts expect that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current fiscal year.

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.