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

Crest Nicholson Holdings plc (LON:CRST)’s stock price was down 15% during mid-day trading 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 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

Several analysts have recently issued reports on CRST shares. Berenberg Bank reiterated a “hold” rating and set a GBX 195 price target on shares of Crest Nicholson in a research note on Monday, September 8th. Peel Hunt restated an “add” rating and issued a GBX 190 price target on shares of Crest Nicholson in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 191.67.

Crest Nicholson Stock Performance

The firm has a market cap of £356.07 million, a price-to-earnings ratio of -4.84, a P/E/G ratio of 0.51 and a beta of 2.00. The stock has a 50 day moving average of GBX 162.97 and a 200 day 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.