Crest Nicholson (LON:CRST) Stock 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 Tuesday . The stock has a 200-day moving average of GBX 87.42 and traded as low as GBX 61.10. Crest Nicholson shares last traded at GBX 62, with a volume of 2,531,003 shares changing hands.

Analysts Set New Price Targets

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

Crest Nicholson Stock Performance

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 stock’s 50 day moving average is GBX 66.81 and its 200 day moving average is GBX 86.67. The stock has a market capitalization of £144.46 million, a price-to-earnings ratio of 6.69, a PEG ratio of 0.51 and a beta of 1.32.

Crest Nicholson (LON:CRST) last announced its earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Crest Nicholson had a negative return on equity of 4.32% and a negative net margin of 5.44%. On average, analysts predict that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

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.