Crest Nicholson (LON:CRST) Hits New 12-Month Low – Here’s What Happened

Shares of Crest Nicholson Holdings plc (LON:CRST) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 112.60 and last traded at GBX 116.80, with a volume of 452747 shares trading hands. The stock had previously closed at GBX 117.50.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CRST. Berenberg Bank decreased their target price on Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 230 price objective on shares of Crest Nicholson in a report on Thursday, February 5th. Peel Hunt reiterated an “add” rating and issued a GBX 190 price objective on shares of Crest Nicholson in a research report on Tuesday, November 18th. JPMorgan Chase & Co. dropped their target price on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Finally, Royal Bank Of Canada lifted their price target on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Crest Nicholson currently has an average rating of “Moderate Buy” and an average target price of GBX 195.

Crest Nicholson Price Performance

The business’s 50 day simple moving average is GBX 145.05 and its 200-day simple moving average is GBX 149.46. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15. The stock has a market capitalization of £299.76 million, a price-to-earnings ratio of 129.78, a P/E/G ratio of 0.51 and a beta of 1.42.

Crest Nicholson (LON:CRST) last announced its quarterly earnings data on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a net margin of 0.36% and a return on equity of 0.30%. On average, research analysts forecast that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Martyn Clark sold 46,077 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total value of £69,576.27. Insiders bought a total of 712 shares of company stock worth $99,884 over the last three months. 4.49% of the stock is currently owned by 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.