Crest Nicholson (LON:CRST) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Crest Nicholson Holdings plc (LON:CRST)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 206.20 ($2.59) and traded as low as GBX 164.60 ($2.07). Crest Nicholson shares last traded at GBX 168.20 ($2.11), with a volume of 994,279 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CRST shares. JPMorgan Chase & Co. raised shares of Crest Nicholson to a “neutral” rating and increased their price objective for the company from GBX 180 ($2.26) to GBX 190 ($2.39) in a research report on Thursday, December 5th. Berenberg Bank reduced their price objective on Crest Nicholson from GBX 280 ($3.52) to GBX 215 ($2.70) and set a “hold” rating for the company in a research note on Tuesday, October 22nd.

Crest Nicholson Trading Up 1.4 %

The firm has a market capitalization of £431.13 million, a PE ratio of -1,682.00, a P/E/G ratio of 0.51 and a beta of 2.00. The company’s fifty day simple moving average is GBX 168.60 and its 200-day simple moving average is GBX 206.20. The company has a debt-to-equity ratio of 13.12, a current ratio of 3.13 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.