Crest Nicholson (LON:CRST) Share Price Passes Below 200 Day Moving Average of $258.12

Crest Nicholson Holdings plc (LON:CRSTGet Rating)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 258.12 ($3.12) and traded as low as GBX 218.60 ($2.64). Crest Nicholson shares last traded at GBX 218.60 ($2.64), with a volume of 707,151 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Liberum Capital reaffirmed a “buy” rating and issued a GBX 390 ($4.71) price target on shares of Crest Nicholson in a report on Wednesday, May 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Crest Nicholson from GBX 415 ($5.01) to GBX 416 ($5.03) and gave the company a “buy” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. lowered their target price on shares of Crest Nicholson from GBX 310 ($3.75) to GBX 290 ($3.50) and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Finally, Berenberg Bank cut shares of Crest Nicholson to a “hold” rating and lowered their target price for the company from GBX 410 ($4.95) to GBX 250 ($3.02) in a report on Monday, September 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 385.14 ($4.65).

Crest Nicholson Price Performance

The business’s 50-day moving average price is GBX 251.73 and its 200 day moving average price is GBX 258.12. The stock has a market capitalization of £561.63 million and a PE ratio of -1,093.00. The company has a debt-to-equity ratio of 12.05, a quick ratio of 0.72 and a current ratio of 2.77.

Insider Activity

In other news, insider Peter Truscott purchased 85,000 shares of Crest Nicholson stock in a transaction dated Monday, September 12th. The stock was purchased at an average cost of GBX 228 ($2.75) per share, for a total transaction of £193,800 ($234,171.10).

Crest Nicholson Company Profile

(Get Rating)

Crest Nicholson Holdings plc builds residential homes in the United Kingdom. The company develops and sells apartments, houses, and commercial properties. It serves first-time buyers, families, and investors. The company was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

Further Reading

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