Crest Nicholson (LON:CRST) Shares Pass Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Crest Nicholson shares fell below their 200-day moving average, with recent trading at GBX 159.60 ($2.14), raising concerns among investors.
• Berenberg Bank reissued a "hold" rating on Crest Nicholson, setting a price target of GBX 195, while the average consensus target price is GBX 192.50.
• The company has a market capitalization of £406.31 million and a high debt-to-equity ratio of 12.94, indicating a significant reliance on debt financing.

Shares of Crest Nicholson Holdings plc (LON:CRST - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 173.95 ($2.33) and traded as low as GBX 158.30 ($2.12). Crest Nicholson shares last traded at GBX 159.60 ($2.14), with a volume of 530,198 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 195 price target on shares of Crest Nicholson in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 192.50.

Crest Nicholson Trading Down 0.7%

The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The stock has a 50-day simple moving average of GBX 161.78 and a two-hundred day simple moving average of GBX 173.95. The firm has a market capitalization of £406.31 million, a P/E ratio of -5.52, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00.

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.

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