Crest Nicholson (LON:CRST) Stock Passes Below Two Hundred Day Moving Average of $221.90

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 221.90 ($2.93) and traded as low as GBX 207.20 ($2.73). Crest Nicholson shares last traded at GBX 207.80 ($2.74), with a volume of 449,130 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have issued reports on CRST shares. Berenberg Bank downgraded Crest Nicholson to a "hold" rating and set a GBX 280 ($3.69) price objective on the stock. in a report on Wednesday, July 31st. JPMorgan Chase & Co. restated an "underweight" rating on shares of Crest Nicholson in a report on Friday, July 5th. Finally, Royal Bank of Canada raised their price objective on shares of Crest Nicholson from GBX 175 ($2.31) to GBX 250 ($3.30) and gave the stock an "underperform" rating in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of GBX 229.40 ($3.03).

Crest Nicholson Trading Down 1.0 %

The business's fifty day simple moving average is GBX 241.38 and its two-hundred day simple moving average is GBX 221.79. The company has a current ratio of 3.13, a quick ratio of 0.72 and a debt-to-equity ratio of 13.12. The stock has a market capitalization of £527.51 million, a P/E ratio of -2,058.00, a P/E/G ratio of 0.51 and a beta of 2.05.

Crest Nicholson Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.42%. The ex-dividend date is Thursday, September 19th. Crest Nicholson's dividend payout ratio is -13,000.00%.

Insider Buying and Selling

In related news, insider Martyn Clark sold 10,347 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 250 ($3.30), for a total transaction of £25,867.50 ($34,112.49). Company insiders own 9.76% of the company's stock.

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.