Crest Nicholson (LON:CRST) Shares Down 42.6% – Here’s Why

Crest Nicholson Holdings plc (LON:CRST)’s share price was down 42.6% on Tuesday . The company traded as low as GBX 59.70 and last traded at GBX 62. Approximately 32,644,045 shares changed hands during trading, an increase of 1,401% from the average daily volume of 2,174,836 shares. The stock had previously closed at GBX 108.

Analysts Set New Price Targets

A number of analysts have weighed in on CRST shares. Royal Bank Of Canada upped their target price on Crest Nicholson from GBX 205 to GBX 215 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 125 price target on shares of Crest Nicholson in a research report on Thursday, March 26th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 price target on shares of Crest Nicholson in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 183.33.

Crest Nicholson Stock Performance

The business has a 50-day moving average price of GBX 126.54 and a 200-day moving average price of GBX 141.01. The firm has a market capitalization of £172.52 million, a price-to-earnings ratio of 74.67, a P/E/G ratio of 0.51 and a beta of 1.58. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15.

Crest Nicholson (LON:CRST) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a return on equity of 0.30% and a net margin of 0.36%. As a group, sell-side analysts forecast that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

Insiders Place Their Bets

In other Crest Nicholson news, insider Gillian Kent purchased 9,538 shares of Crest Nicholson stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of GBX 104 per share, with a total value of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of GBX 151, for a total value of £69,576.27. Over the last ninety days, insiders have bought 10,312 shares of company stock worth $1,091,598. Insiders own 4.49% of the company’s stock.

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.