Crest Nicholson (LON:CRST) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

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 trading hands.

Wall Street Analysts Forecast Growth

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

Crest Nicholson Price Performance

The stock has a 50-day simple moving average of GBX 147.81 and a 200 day simple moving average of GBX 152.91. The stock has a market capitalization of £392.89 million, a P/E ratio of 170.10, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27.

Crest Nicholson (LON:CRST) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a negative return on equity of 3.47% and a negative net margin of 4.21%. On average, equities analysts forecast 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.