Crest Nicholson (LON:CRST) Stock Passes 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 Tuesday . The stock has a two hundred day moving average of GBX 199.97 ($2.46) and traded as low as GBX 158 ($1.94). Crest Nicholson shares last traded at GBX 161.10 ($1.98), with a volume of 619,071 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Crest Nicholson to a “neutral” rating and lifted their target price for the company from GBX 180 ($2.21) to GBX 190 ($2.34) in a research report on Thursday, December 5th. Berenberg Bank dropped their target price on Crest Nicholson from GBX 280 ($3.45) to GBX 215 ($2.65) and set a “hold” rating for the company in a report on Tuesday, October 22nd.

Crest Nicholson Stock Up 1.5 %

The business’s 50-day moving average is GBX 164.30 and its 200-day moving average is GBX 198.79. The company has a debt-to-equity ratio of 13.12, a quick ratio of 0.72 and a current ratio of 3.13. The firm has a market cap of £404.99 million, a price-to-earnings ratio of -1,580.00, a PEG ratio of 0.51 and a beta of 2.00.

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.