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

Crest Nicholson Holdings plc (LON:CRST - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 199.97 ($2.47) and traded as low as GBX 158 ($1.95). Crest Nicholson shares last traded at GBX 161.10 ($1.99), with a volume of 619,071 shares trading hands.

Wall Street Analyst Weigh In

CRST has been the subject of several recent research reports. Berenberg Bank dropped their price target on Crest Nicholson from GBX 280 ($3.46) to GBX 215 ($2.66) and set a "hold" rating for the company in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised shares of Crest Nicholson to a "neutral" rating and boosted their price objective for the company from GBX 180 ($2.22) to GBX 190 ($2.35) in a research report on Thursday, December 5th.

Crest Nicholson Price Performance

The company has a 50-day moving average of GBX 164.77 and a two-hundred day moving average of GBX 199.38. 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 market capitalization of £399.09 million, a PE ratio of -1,557.00, a P/E/G 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.