Crest Nicholson (LON:CRST) Shares Down 15% – Time to Sell?

Shares of Crest Nicholson Holdings plc (LON:CRST) were down 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 changed 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.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Peel Hunt reiterated an “add” rating and set a GBX 190 price target on shares of Crest Nicholson in a report on Tuesday. 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. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 191.67.

Crest Nicholson Stock Down 15.0%

The stock has a market capitalization of £356.07 million, a PE ratio of -4.84, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. 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 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.