Crest Nicholson (LON:CRST) Shares Down 15% – What’s Next?

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

Wall Street Analyst Weigh In

CRST has been the topic of a number of research analyst reports. Berenberg Bank reissued a “hold” rating and issued a GBX 195 target price on shares of Crest Nicholson in a research report on Monday, September 8th. Peel Hunt reiterated an “add” rating and set a GBX 190 price target 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, the company currently has an average rating of “Hold” and an average price target of GBX 191.67.

Crest Nicholson Price Performance

The firm has a market capitalization of £356.07 million, a PE ratio of -4.84, a P/E/G ratio of 0.51 and a beta of 2.00. The company has a fifty day moving average price of GBX 162.97 and a two-hundred day moving average price of GBX 174.54. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94.

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.