Crest Nicholson (LON:CRST) Shares Pass Below 200 Day Moving Average of $196.72

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 196.72 ($2.45) and traded as low as GBX 184 ($2.29). Crest Nicholson shares last traded at GBX 186.50 ($2.32), with a volume of 314,582 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Crest Nicholson from GBX 160 ($1.99) to GBX 180 ($2.24) and gave the company an "underweight" rating in a report on Friday, April 12th. Jefferies Financial Group restated a "hold" rating and issued a GBX 237 ($2.95) price objective on shares of Crest Nicholson in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 222.40 ($2.77).

Crest Nicholson Price Performance

The company has a quick ratio of 0.72, a current ratio of 3.33 and a debt-to-equity ratio of 12.16. The firm has a market cap of £479.16 million, a P/E ratio of 2,664.29, a PEG ratio of 0.51 and a beta of 1.96. The business has a fifty day moving average of GBX 204.22 and a 200 day moving average of GBX 196.93.

Crest Nicholson Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Thursday, March 21st will be issued a dividend of GBX 11.50 ($0.14) per share. This represents a dividend yield of 5.62%. The ex-dividend date is Thursday, March 21st. This is a boost from Crest Nicholson's previous dividend of $5.50. Crest Nicholson's payout ratio is currently 24,285.71%.

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.