Crest Nicholson (LON:CRST) Stock Crosses Below 200-Day Moving Average - Time to Sell?

Shares of Crest Nicholson Holdings plc (LON:CRST - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 196 ($2.40) and traded as low as GBX 162 ($1.98). Crest Nicholson shares last traded at GBX 168.90 ($2.07), with a volume of 1,062,673 shares changing hands.

Wall Street Analysts Forecast Growth

CRST has been the subject of several research analyst reports. JPMorgan Chase & Co. raised Crest Nicholson to a "neutral" rating and upped their target price for the stock from GBX 180 ($2.20) to GBX 190 ($2.33) in a research note on Thursday, December 5th. Berenberg Bank decreased their price objective on shares of Crest Nicholson from GBX 280 ($3.43) to GBX 215 ($2.63) and set a "hold" rating on the stock in a report on Tuesday, October 22nd.

Crest Nicholson Stock Performance

The company has a debt-to-equity ratio of 13.12, a current ratio of 3.13 and a quick ratio of 0.72. The stock has a fifty day moving average price of GBX 163.35 and a two-hundred day moving average price of GBX 196. The company has a market cap of £443.18 million, a P/E ratio of -1,729.00, a PEG ratio of 0.51 and a beta of 2.00.

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.