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

Crest Nicholson Holdings plc (LON:CRST)’s stock price dropped 15% during trading on Tuesday . The stock traded as low as GBX 138.90 and last traded at GBX 138.90. Approximately 3,323,498 shares changed hands during mid-day trading, an increase of 129% from the average daily volume of 1,448,494 shares. The stock had previously closed at GBX 163.40.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRST. 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. Peel Hunt reaffirmed an “add” rating and issued a GBX 190 price objective on shares of Crest Nicholson in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 191.67.

Crest Nicholson Trading Down 15.0%

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

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.