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

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Shares of Crest Nicholson Holdings plc (LON:CRST - Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 75.82 and traded as low as GBX 56. Crest Nicholson shares last traded at GBX 58.20, with a volume of 10,434,159 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRST shares. Deutsche Bank Aktiengesellschaft decreased their price target on Crest Nicholson from GBX 79 to GBX 65 and set a "hold" rating on the stock in a research note on Tuesday, September 8th. Berenberg Bank dropped their price objective on Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating for the company in a research note on Friday, September 4th. JPMorgan Chase & Co. cut their target price on shares of Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating on the stock in a report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 107 target price on shares of Crest Nicholson in a research note on Friday, September 4th. Finally, Royal Bank Of Canada lowered shares of Crest Nicholson to an "outperform" rating and set a GBX 95 price target for the company. in a report on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 102.86.

View Our Latest Analysis on CRST

Crest Nicholson Price Performance

The business's 50 day moving average price is GBX 62.69 and its two-hundred day moving average price is GBX 75.82. The stock has a market cap of £149.44 million, a P/E ratio of 6.93, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 35.57.

Crest Nicholson (LON:CRST - Get Free Report) last released 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 return on equity of 4.32% and a negative net margin of 5.44%. As a group, sell-side analysts expect that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current fiscal year.

About Crest Nicholson

(Get Free Report)

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.

Further Reading

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