Crest Nicholson (LON:CRST) Shares Down 15% – Here’s Why

Crest Nicholson Holdings plc (LON:CRST) shares were down 15% during trading on Tuesday . The stock traded as low as GBX 138.90 and last traded at GBX 138.90. Approximately 3,324,498 shares traded hands during mid-day trading, an increase of 136% from the average daily volume of 1,409,704 shares. The stock had previously closed at GBX 163.40.

Wall Street Analyst Weigh In

CRST has been the topic of a number of research analyst reports. Peel Hunt reiterated an “add” rating and set a GBX 190 target price on shares of Crest Nicholson in a report on Tuesday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 195 price target on shares of Crest Nicholson in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 191.67.

Crest Nicholson Trading Down 15.0%

The stock has a market cap of £356.07 million, a PE ratio of -4.84, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The firm has a 50-day moving average price of GBX 162.97 and a 200-day moving average price of GBX 174.54. 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 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.