Crest Nicholson (LON:CRST) Shares Pass Below Two Hundred Day Moving Average of $199.00

Shares of 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 ($2.50) and traded as low as GBX 196.20 ($2.46). Crest Nicholson shares last traded at GBX 198 ($2.49), with a volume of 531,924 shares changing hands.

Analysts Set New Price Targets

CRST has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Crest Nicholson from GBX 160 ($2.01) to GBX 180 ($2.26) and gave the company an “underweight” rating in a research report on Friday, April 12th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 237 ($2.98) price objective on shares of Crest Nicholson in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 222.40 ($2.79).

Crest Nicholson Stock Performance

The stock has a 50 day moving average price of GBX 198.45 and a two-hundred day moving average price of GBX 199. The company has a market capitalization of £508.39 million, a price-to-earnings ratio of 2,828.57, a price-to-earnings-growth ratio of 0.51 and a beta of 1.94. The company has a debt-to-equity ratio of 12.16, a current ratio of 3.33 and a quick ratio of 0.72.

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.