Crest Nicholson (LON:CRST) Trading Down 8.3% – What’s Next?

Crest Nicholson Holdings plc (LON:CRST)’s share price was down 8.3% during trading on Thursday . The company traded as low as GBX 53 and last traded at GBX 56.20. 12,705,670 shares changed hands during trading, an increase of 161% from the average session volume of 4,872,614 shares. The stock had previously closed at GBX 61.30.

Analysts Set New Price Targets

CRST has been the subject of several recent analyst reports. Jefferies Financial Group restated a “buy” rating and set a GBX 107 price objective on shares of Crest Nicholson in a research report on Wednesday, August 12th. JPMorgan Chase & Co. decreased their target price on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 95 target price on shares of Crest Nicholson in a report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 108.86.

Crest Nicholson Stock Performance

The stock has a market capitalization of £144.46 million, a price-to-earnings ratio of 6.69, a PEG ratio of 0.51 and a beta of 1.32. The company’s 50-day simple moving average is GBX 66.81 and its 200-day simple moving average is GBX 86.67. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 35.57.

Crest Nicholson (LON:CRST) last announced its earnings results on Thursday, July 16th. The company reported GBX (10.10) EPS for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. On average, analysts expect that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current year.

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.