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

Crest Nicholson Holdings plc (LON:CRST)’s stock price 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 traded hands during 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

A number of equities analysts have weighed in on CRST shares. Peel Hunt restated an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a research note on Tuesday. Berenberg Bank reiterated a “hold” rating and set a GBX 195 price objective on shares of Crest Nicholson in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 191.67.

Crest Nicholson Stock Performance

The firm’s 50 day simple moving average is GBX 162.97 and its 200 day simple moving average is GBX 174.54. The firm has a market capitalization of £356.07 million, a price-to-earnings ratio of -4.84, a PEG ratio of 0.51 and a beta of 2.00. The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27.

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.