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

Shares of Crest Nicholson Holdings plc (LON:CRST) fell 15% on Tuesday . The company traded as low as GBX 138.90 and last traded at GBX 138.90. 3,324,498 shares changed 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.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CRST shares. Peel Hunt reiterated an “add” rating and set a GBX 190 price target on shares of Crest Nicholson in a research report on Tuesday. Berenberg Bank reaffirmed 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 company. According to data from MarketBeat, Crest Nicholson has an average rating of “Hold” and a consensus target price of GBX 191.67.

Crest Nicholson Stock Down 15.0%

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 fifty day moving average price of GBX 162.79 and a 200 day moving average price of GBX 174.19. The company has a market cap of £356.07 million, a PE ratio of -4.84, a price-to-earnings-growth 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.