Crest Nicholson (LON:CRST) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Crest Nicholson Holdings plc (LON:CRST)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 196 ($2.38) and traded as low as GBX 162 ($1.97). Crest Nicholson shares last traded at GBX 168.90 ($2.05), with a volume of 1,062,673 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRST. JPMorgan Chase & Co. raised shares of Crest Nicholson to a “neutral” rating and raised their price objective for the stock from GBX 180 ($2.19) to GBX 190 ($2.31) in a report on Thursday, December 5th. Berenberg Bank decreased their price target on Crest Nicholson from GBX 280 ($3.41) to GBX 215 ($2.62) and set a “hold” rating for the company in a research note on Tuesday, October 22nd.

Crest Nicholson Price Performance

The company has a debt-to-equity ratio of 13.12, a current ratio of 3.13 and a quick ratio of 0.72. The company has a fifty day moving average price of GBX 163.79 and a 200 day moving average price of GBX 195.69. The company has a market capitalization of £447.92 million, a P/E ratio of -1,747.52, a price-to-earnings-growth 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.