Crest Nicholson (LON:CRST) Shares Down 15% – Time to Sell?

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

Wall Street Analyst Weigh In

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

Crest Nicholson Stock Performance

The company has a market capitalization of £356.07 million, a P/E ratio of -4.84, a P/E/G ratio of 0.51 and a beta of 2.00. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The company’s fifty day moving average is GBX 162.79 and its 200 day moving average is GBX 174.19.

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.