Crest Nicholson (LON:CRST) Shares Pass Below 200 Day Moving Average of $196.72

Crest Nicholson Holdings plc (LON:CRST)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 196.72 ($2.45) and traded as low as GBX 184 ($2.29). Crest Nicholson shares last traded at GBX 186.50 ($2.32), with a volume of 314,582 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group restated a “hold” rating and set a GBX 237 ($2.95) target price on shares of Crest Nicholson in a research report on Wednesday, March 20th. JPMorgan Chase & Co. upped their target price on shares of Crest Nicholson from GBX 160 ($1.99) to GBX 180 ($2.24) and gave the stock an “underweight” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 222.40 ($2.77).

Crest Nicholson Trading Down 1.0 %

The firm has a market cap of £479.16 million, a PE ratio of 2,664.29, a P/E/G ratio of 0.51 and a beta of 1.96. The company has a quick ratio of 0.72, a current ratio of 3.33 and a debt-to-equity ratio of 12.16. The company’s 50 day moving average price is GBX 204.22 and its two-hundred day moving average price is GBX 196.72.

Crest Nicholson Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Thursday, March 21st will be paid a dividend of GBX 11.50 ($0.14) per share. This represents a dividend yield of 5.62%. The ex-dividend date is Thursday, March 21st. This is an increase from Crest Nicholson’s previous dividend of $5.50. Crest Nicholson’s payout ratio is currently 24,285.71%.

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.