Crest Nicholson (LON:CRST) Trading Down 15% – Should You Sell?

Crest Nicholson Holdings plc (LON:CRST)’s stock price 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 were traded 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.

Analyst Upgrades and Downgrades

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

Crest Nicholson Price Performance

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 stock 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. The company has a 50-day simple moving average of GBX 162.79 and a two-hundred day simple moving average of GBX 174.19.

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.