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

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

Analyst Ratings Changes

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

Crest Nicholson Stock Down 15.0%

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 stock’s 50-day moving average price is GBX 162.79 and its 200-day moving average price is GBX 174.19. The company has a market cap of £356.07 million, a P/E ratio of -4.84, a PEG ratio of 0.51 and a beta of 2.00.

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.