Crest Nicholson (LON:CRST) Shares Down 8.1% – Time to Sell?

Crest Nicholson Holdings plc (LON:CRST) dropped 8.1% on Monday . The company traded as low as GBX 65.40 and last traded at GBX 65.80. Approximately 3,139,801 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 4,871,378 shares. The stock had previously closed at GBX 71.60.

Wall Street Analysts Forecast Growth

CRST has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 112 target price on shares of Crest Nicholson in a research note on Tuesday, May 5th. Berenberg Bank reduced their price target on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Stifel Nicolaus restated a “hold” rating and issued a GBX 125 price target on shares of Crest Nicholson in a research report on Tuesday, April 21st. Royal Bank Of Canada lowered shares of Crest Nicholson to an “outperform” rating and reduced their price target for the company from GBX 155 to GBX 95 in a research report on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson to a “hold” rating and reduced their price target for the company from GBX 228 to GBX 79 in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of GBX 121.

Crest Nicholson Stock Performance

The stock’s 50-day simple moving average is GBX 84.73 and its 200 day simple moving average is GBX 121.62. The stock has a market capitalization of £168.93 million, a price-to-earnings ratio of 73.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15.

Insider Activity

In related news, insider Gillian Kent bought 9,538 shares of Crest Nicholson stock in a transaction dated Monday, March 23rd. The shares were bought at an average cost of GBX 104 per share, for a total transaction of £9,919.52. Insiders have purchased 10,258 shares of company stock worth $1,066,856 in the last quarter. 4.49% of the stock is currently owned by corporate insiders.

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.