Crest Nicholson (LON:CRST) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Crest Nicholson shares fell below their 200-day moving average of GBX 173.75, trading as low as GBX 162.80.
• Berenberg Bank has reissued a "hold" rating for Crest Nicholson with a price target of GBX 195, while the consensus rating remains a "Hold" with a target of GBX 192.50.
• The company's financial ratios indicate a quick ratio of 0.72, a current ratio of 3.27, and a high debt-to-equity ratio of 12.94.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 173.75 ($2.34) and traded as low as GBX 162.80 ($2.19). Crest Nicholson shares last traded at GBX 167.20 ($2.25), with a volume of 299,871 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "hold" rating and set a GBX 195 price objective 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, Crest Nicholson presently has a consensus rating of "Hold" and a consensus price target of GBX 192.50.

Crest Nicholson Stock Performance

The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94. The company has a market cap of £428.61 million, a PE ratio of -582.58, a P/E/G ratio of 0.51 and a beta of 2.00. The stock's 50 day simple moving average is GBX 165.44 and its two-hundred day simple moving average is GBX 173.75.

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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