Crest Nicholson (LON:CRST) Sets New 52-Week Low Following Analyst Downgrade

Crest Nicholson Holdings plc (LON:CRST)’s stock price hit a new 52-week low during trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 195 to GBX 180. Berenberg Bank currently has a hold rating on the stock. Crest Nicholson traded as low as GBX 126.90 and last traded at GBX 128, with a volume of 20319219 shares trading hands. The stock had previously closed at GBX 131.80.

Several other research firms have also weighed in on CRST. Peel Hunt restated an “add” rating and set a GBX 190 price objective on shares of Crest Nicholson in a research report on Tuesday. Jefferies Financial Group lowered their target price on Crest Nicholson from GBX 254 to GBX 251 and set a “buy” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 202.75.

Crest Nicholson Stock Performance

The stock’s 50-day moving average price is GBX 162.45 and its 200 day moving average price is GBX 173.90. 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 company has a market cap of £328.13 million, a P/E ratio of -4.46, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00.

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.