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

Shares of Crest Nicholson Holdings plc (LON:CRST) dropped 15% during trading on Tuesday . The stock 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 Ratings Changes

A number of brokerages recently weighed in on CRST. Peel Hunt reiterated an “add” rating and set a GBX 190 price target on shares of Crest Nicholson in a research note on Tuesday. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 195 target price 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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 company has a 50 day moving average price of GBX 162.79 and a 200 day moving average price of GBX 174.19. The firm has a market cap of £356.07 million, a PE ratio of -4.84, a PEG ratio of 0.51 and a beta of 2.00.

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.