Crest Nicholson (LON:CRST) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Crest Nicholson Holdings plc (LON:CRST) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

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

Crest Nicholson Stock Up 2.6 %

The business has a 50 day moving average of GBX 168 and a two-hundred day moving average of GBX 178.29. The stock has a market capitalization of £403.45 million, a PE ratio of -15.14, a PEG ratio of 0.51 and a beta of 2.00. The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27.

Crest Nicholson (LON:CRST) last released its quarterly earnings results 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%. Analysts predict that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current 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.