Crest Nicholson (LON:CRST) Trading Down 10% – Here’s Why

Shares of Crest Nicholson Holdings plc (LON:CRST) traded down 10% during trading on Tuesday . The stock traded as low as GBX 142.20 and last traded at GBX 147.05. 11,581,126 shares were traded during trading, an increase of 701% from the average session volume of 1,446,564 shares. The stock had previously closed at GBX 163.40.

Analysts Set New Price Targets

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

Crest Nicholson Stock Performance

The company’s fifty day moving average price is GBX 162.97 and its 200 day moving average price is GBX 174.54. The company has a debt-to-equity ratio of 12.94, a current ratio of 3.27 and a quick ratio of 0.72. The company has a market cap of £356.07 million, a PE ratio of -4.84, a P/E/G 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.