Crest Nicholson (LON:CRST) Shares Down 15% – Here’s What Happened

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

Analysts Set New Price Targets

CRST has been the subject of a number of research reports. Peel Hunt reiterated an “add” rating and issued a GBX 190 price target on shares of Crest Nicholson in a report on Tuesday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 195 target price on shares of Crest Nicholson in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crest Nicholson currently has an average rating of “Hold” and an average price target of GBX 191.67.

Crest Nicholson Price Performance

The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The firm’s 50-day moving average price is GBX 162.97 and its two-hundred day moving average price is GBX 174.54. The stock has a market cap of £356.07 million, a PE ratio of -4.84, a PEG ratio of 0.51 and a beta of 2.00.

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.