Crest Nicholson (LON:CRST) Share Price Passes Below 200 Day Moving Average of $220.00

Shares of Crest Nicholson Holdings plc (LON:CRST) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 220 ($2.94) and traded as low as GBX 192.10 ($2.56). Crest Nicholson shares last traded at GBX 193.90 ($2.59), with a volume of 278,220 shares.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Berenberg Bank downgraded shares of Crest Nicholson to a “hold” rating and set a GBX 280 ($3.74) target price for the company. in a report on Wednesday, July 31st. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Crest Nicholson in a report on Friday, July 5th. Finally, Royal Bank of Canada boosted their target price on shares of Crest Nicholson from GBX 175 ($2.34) to GBX 250 ($3.34) and gave the stock an “underperform” rating in a report on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 229.40 ($3.06).

Crest Nicholson Stock Performance

The company has a quick ratio of 0.72, a current ratio of 3.13 and a debt-to-equity ratio of 13.12. The company has a market cap of £497.00 million, a P/E ratio of -1,939.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The company’s 50-day moving average is GBX 225.64 and its two-hundred day moving average is GBX 220.

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.