Crest Nicholson (LON:CRST) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Crest Nicholson Holdings plc (LON:CRST)’s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 69.73 and traded as low as GBX 59.50. Crest Nicholson shares last traded at GBX 60, with a volume of 750,426 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Crest Nicholson from GBX 79 to GBX 65 and set a “hold” rating for the company in a report on Tuesday, September 8th. Royal Bank Of Canada lowered shares of Crest Nicholson to an “outperform” rating and set a GBX 95 target price for the company. in a report on Thursday, September 3rd. Berenberg Bank lowered their price target on Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a research report on Friday, September 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 80 price objective on shares of Crest Nicholson in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Crest Nicholson has an average rating of “Hold” and a consensus target price of GBX 99.

Crest Nicholson Stock Performance

The company’s 50-day moving average price is GBX 61.70 and its 200 day moving average price is GBX 69.46. The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.71 and a current ratio of 2.24. The stock has a market capitalization of £165.88 million, a PE ratio of 7.69, a PEG ratio of 0.51 and a beta of 1.32.

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.