Crest Nicholson (LON:CRST) Stock Price Passes Below 200-Day Moving Average of $221.52

Crest Nicholson Holdings plc (LON:CRST - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 221.52 ($2.91) and traded as low as GBX 199.30 ($2.62). Crest Nicholson shares last traded at GBX 200.40 ($2.64), with a volume of 3,141,238 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRST shares. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Crest Nicholson in a report on Friday, July 5th. Berenberg Bank downgraded shares of Crest Nicholson to a "hold" rating and set a GBX 280 ($3.68) target price on the stock. in a report on Wednesday, July 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Crest Nicholson from GBX 175 ($2.30) to GBX 250 ($3.29) and gave the stock an "underperform" rating in a report 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 stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 229.40 ($3.02).

Crest Nicholson Stock Down 3.9 %

The firm's fifty day simple moving average is GBX 237.83 and its 200-day simple moving average is GBX 221.38. The company has a quick ratio of 0.72, a current ratio of 3.13 and a debt-to-equity ratio of 13.12. The company has a market cap of £493.67 million, a PE ratio of -1,934.00, a P/E/G ratio of 0.51 and a beta of 2.05.

Crest Nicholson Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be given 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 presently -13,000.00%.

Insider Activity

In other news, insider Martyn Clark sold 10,347 shares of the business's stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of GBX 250 ($3.29), for a total value of £25,867.50 ($34,013.81). 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.