Crest Nicholson (LON:CRST) Stock Price Down 15% – What’s Next?

Shares of Crest Nicholson Holdings plc (LON:CRST) were down 15% during mid-day trading on Wednesday . The stock traded as low as GBX 138.90 and last traded at GBX 138.90. Approximately 3,324,498 shares changed 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

A number of research firms recently commented on CRST. Peel Hunt restated an “add” rating and issued a GBX 190 price objective on shares of Crest Nicholson in a research report on Tuesday. Berenberg Bank reissued a “hold” rating and issued a GBX 195 target price on shares of Crest Nicholson in a research note on Monday, September 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 191.67.

Crest Nicholson Trading Down 2.5%

The firm has a market capitalization of £347.10 million, a price-to-earnings ratio of -4.72, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The business’s fifty day moving average is GBX 162.79 and its 200 day moving average is GBX 174.19. 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 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.