Crest Nicholson (LON:CRST) Hits New 12-Month Low on Analyst Downgrade

Crest Nicholson Holdings plc (LON:CRST)’s share price reached a new 52-week low during trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 195 to GBX 180. Berenberg Bank currently has a hold rating on the stock. Crest Nicholson traded as low as GBX 126.90 and last traded at GBX 128, with a volume of 20319219 shares changing hands. The stock had previously closed at GBX 131.80.

Several other equities analysts have also weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Crest Nicholson from GBX 254 to GBX 251 and set a “buy” rating on the stock in a report on Wednesday. Peel Hunt reissued an “add” rating and set a GBX 190 price target on shares of Crest Nicholson in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 202.75.

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 business’s fifty day moving average is GBX 162.45 and its 200-day moving average is GBX 173.90. The firm has a market cap of £328.13 million, a PE ratio of -4.46, a P/E/G ratio of 0.51 and a beta of 2.00.

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.