Crest Nicholson (LON:CRST) Stock Price Down 15% – Here’s Why

Crest Nicholson Holdings plc (LON:CRST) was down 15% on Tuesday . The stock traded as low as GBX 138.90 and last traded at GBX 138.90. Approximately 3,324,498 shares traded hands during trading, an increase of 136% from the average daily volume of 1,409,704 shares. The stock had previously closed at GBX 163.40.

Analysts Set New Price Targets

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

Crest Nicholson Stock Performance

The firm 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. The business has a 50 day simple moving average of GBX 162.97 and a two-hundred day simple moving average of GBX 174.54. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94.

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.