Crest Nicholson (LON:CRST) Trading Down 15% – What’s Next?

Crest Nicholson Holdings plc (LON:CRST) shares were down 15% during mid-day 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 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.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CRST shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 195 price target on shares of Crest Nicholson in a report on Monday, September 8th. Peel Hunt reiterated an “add” rating and issued a GBX 190 price target on shares of Crest Nicholson in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Crest Nicholson presently 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 quick ratio of 0.72 and a current ratio of 3.27. The company has a market cap of £356.07 million, a P/E ratio of -4.84, a P/E/G ratio of 0.51 and a beta of 2.00. The stock has a 50-day simple moving average of GBX 162.97 and a 200 day simple moving average of GBX 174.54.

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.