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

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRST shares. Berenberg Bank restated a “hold” rating and issued a GBX 195 price target on shares of Crest Nicholson in a research note on Monday, September 8th. Peel Hunt reiterated an “add” rating and issued a GBX 190 price objective on shares of Crest Nicholson in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Crest Nicholson currently has an average rating of “Hold” and an average price target of GBX 191.67.

Crest Nicholson Trading Down 15.0%

The stock has a market capitalization of £356.07 million, a PE ratio of -4.84, a PEG ratio of 0.51 and a beta of 2.00. 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 business’s 50-day moving average is GBX 162.79 and its two-hundred day moving average is GBX 174.19.

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.