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

Crest Nicholson Holdings plc (LON:CRST) shares passed 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 trading hands.

Analyst Ratings Changes

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

Crest Nicholson Stock Performance

The stock has a market cap of £447.92 million, a P/E ratio of -1,747.52, a PEG ratio of 0.51 and a beta of 2.00. 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 of GBX 163.79 and a 200 day moving average of GBX 195.69.

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.