Crest Nicholson (LON:CRST) Stock Price Breaks Below 200-Day Moving Average - Here's What Happened

Key Points

• Crest Nicholson shares fell below their 200-day moving average, trading as low as GBX 59.50 and last changing hands at GBX 60, compared with the 200-day average of GBX 69.73.
• Analysts have generally lowered their price targets, with ratings split between Buy and Hold; the consensus rating is Hold with a GBX 99 price target.
• The company reported a quarterly loss of GBX 10.10 per share, alongside a negative net margin of 5.44% and negative return on equity of 4.32%, although analysts expect full-year EPS of GBX 9.10.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 69.73 and traded as low as GBX 59.50. Crest Nicholson shares last traded at GBX 60, with a volume of 750,426 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRST. Berenberg Bank reduced their price target on shares of Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating on the stock in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Crest Nicholson from GBX 79 to GBX 65 and set a "hold" rating for the company in a research note on Tuesday, September 8th. Jefferies Financial Group dropped their price target on shares of Crest Nicholson from GBX 107 to GBX 80 and set a "buy" rating on the stock in a research note on Monday, September 28th. Finally, Royal Bank Of Canada cut shares of Crest Nicholson to an "outperform" rating and set a GBX 95 price objective on the stock. in a report on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Crest Nicholson has a consensus rating of "Hold" and a consensus price target of GBX 99.

Crest Nicholson Price Performance

The company has a debt-to-equity ratio of 35.57, a current ratio of 2.24 and a quick ratio of 0.71. The firm's 50 day moving average price is GBX 61.77 and its two-hundred day moving average price is GBX 69.73. The firm has a market cap of £154.06 million, a price-to-earnings ratio of 7.14, a P/E/G ratio of 0.51 and a beta of 1.32.

Crest Nicholson (LON:CRST - Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. As a group, sell-side analysts forecast that Crest Nicholson Holdings plc will post 9.10 earnings per share for the current fiscal year.

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.

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