Crest Nicholson (LON:CRST) Trading Down 15% – Here’s What Happened

Crest Nicholson Holdings plc (LON:CRST) shares traded down 15% on Tuesday . The company 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.

Analysts Set New Price Targets

CRST has been the subject of a number of research analyst reports. Peel Hunt reissued an “add” rating and issued a GBX 190 price target on shares of Crest Nicholson in a research report on Tuesday. Berenberg Bank reiterated a “hold” rating and issued a GBX 195 price objective 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 company’s stock. According to data from MarketBeat.com, Crest Nicholson presently has a consensus rating of “Hold” and a consensus target price of GBX 191.67.

Crest Nicholson Stock Performance

The firm has a 50-day simple moving average of GBX 162.79 and a two-hundred day simple moving average of GBX 174.19. 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 has a market capitalization of £356.07 million, a price-to-earnings ratio of -4.84, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00.

About Crest Nicholson

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.