Crest Nicholson (LON:CRST) Hits New 52-Week Low – Time to Sell?

Shares of Crest Nicholson Holdings plc (LON:CRST) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 96.95 and last traded at GBX 99.85, with a volume of 2086989 shares. The stock had previously closed at GBX 104.30.

Analyst Ratings Changes

Several analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 price objective on shares of Crest Nicholson in a report on Thursday, February 5th. Royal Bank Of Canada upped their target price on Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 195.

Crest Nicholson Price Performance

The stock has a 50 day moving average of GBX 141.95 and a 200-day moving average of GBX 148.08. The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.72 and a current ratio of 2.63. The company has a market cap of £256.26 million, a PE ratio of 110.94, a price-to-earnings-growth ratio of 0.51 and a beta of 1.42.

Crest Nicholson (LON:CRST) last posted its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share for the quarter. Crest Nicholson had a return on equity of 0.30% and a net margin of 0.36%. Equities analysts predict that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

Insider Transactions at Crest Nicholson

In other Crest Nicholson news, insider Gillian Kent purchased 9,538 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were bought at an average price of GBX 104 per share, for a total transaction of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of GBX 151, for a total transaction of £69,576.27. Insiders have purchased 10,250 shares of company stock valued at $1,091,836 in the last ninety days. Corporate insiders own 4.49% of the company’s stock.

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.