Crest Nicholson (LON:CRST) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Crest Nicholson Holdings plc (LON:CRST) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 118.37 and traded as low as GBX 65.60. Crest Nicholson shares last traded at GBX 67.80, with a volume of 13,805,968 shares traded.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRST. Royal Bank Of Canada downgraded shares of Crest Nicholson to an “outperform” rating and reduced their price target for the stock from GBX 155 to GBX 95 in a research report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a GBX 112 price target on shares of Crest Nicholson in a research report on Tuesday, May 5th. Berenberg Bank cut their price objective on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 125 price objective on shares of Crest Nicholson in a report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Crest Nicholson to a “hold” rating and cut their price objective for the company from GBX 228 to GBX 79 in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 121.

Crest Nicholson Stock Performance

The company has a market cap of £176.12 million, a price-to-earnings ratio of 76.22, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a current ratio of 2.63, a quick ratio of 0.72 and a debt-to-equity ratio of 24.15. The stock’s fifty day simple moving average is GBX 81.05 and its 200 day simple moving average is GBX 118.37.

Insider Buying and Selling

In other Crest Nicholson news, insider Gillian Kent acquired 9,538 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was bought at an average price of GBX 104 per share, for a total transaction of £9,919.52. In the last three months, insiders have bought 10,018 shares of company stock valued at $1,036,856. 4.51% of the stock is currently owned by corporate insiders.

About Crest Nicholson

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.