Crest Nicholson (LON:CRST) Stock Crosses Below 200 Day Moving Average – Here’s Why

Crest Nicholson Holdings plc (LON:CRST) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 178.47 ($2.25) and traded as low as GBX 150.93 ($1.90). Crest Nicholson shares last traded at GBX 153.30 ($1.93), with a volume of 677,328 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised Crest Nicholson to a “neutral” rating and boosted their price target for the stock from GBX 180 ($2.27) to GBX 190 ($2.39) in a report on Thursday, December 5th.

Crest Nicholson Stock Performance

The business’s fifty day moving average is GBX 168 and its two-hundred day moving average is GBX 178.29. The stock has a market capitalization of £403.45 million, a PE ratio of -15.14, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94.

Crest Nicholson (LON:CRST) last issued its quarterly earnings data on Tuesday, February 4th. The company reported GBX 5.60 ($0.07) EPS for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. As a group, research analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current fiscal year.

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.