Crest Nicholson (LON:CRST) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Crest Nicholson Holdings plc (LON:CRST) has fallen below its 200-day moving average, with the stock trading at GBX 151.20 ($2.06) compared to the average of GBX 173.10 ($2.36).
• Berenberg Bank has maintained a "hold" rating on Crest Nicholson and set a price target of GBX 195, while the stock currently holds an average rating of "Hold" with a target price of GBX 192.50.
• The company's financial metrics indicate a market capitalization of £393.49 million and a notably high PE ratio of -534.84, reflecting its current challenges in profitability.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 173.10 ($2.35) and traded as low as GBX 151 ($2.05). Crest Nicholson shares last traded at GBX 151.20 ($2.05), with a volume of 712,015 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank restated a "hold" rating and issued a GBX 195 target price on shares of Crest Nicholson in a research note on Monday, September 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of GBX 192.50.

Crest Nicholson Stock Up 1.5%

The company has a market capitalization of £407.34 million, a price-to-earnings ratio of -553.66, a P/E/G ratio of 0.51 and a beta of 2.00. The business's 50-day moving average is GBX 171.58 and its 200-day moving average is GBX 173. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94.

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.