Crest Nicholson (LON:CRST) Trading Down 8.1% – Here’s Why

Crest Nicholson Holdings plc (LON:CRST)’s stock price fell 8.1% during trading on Monday . The stock traded as low as GBX 65.40 and last traded at GBX 65.80. 3,139,801 shares were traded during mid-day trading, a decline of 36% from the average session volume of 4,871,378 shares. The stock had previously closed at GBX 71.60.

Analyst Ratings Changes

Several research firms have commented on CRST. Berenberg Bank lowered their price target on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 125 price target on shares of Crest Nicholson in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson to a “hold” rating and lowered their target price for the stock from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Royal Bank Of Canada lowered shares of Crest Nicholson to an “outperform” rating and lowered their target price for the stock from GBX 155 to GBX 95 in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 112 target price on shares of Crest Nicholson in a research note on Tuesday, May 5th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 121.

Crest Nicholson Stock Performance

The company has a current ratio of 2.63, a quick ratio of 0.72 and a debt-to-equity ratio of 24.15. The firm’s 50-day moving average is GBX 84.73 and its two-hundred day moving average is GBX 121.62. The stock has a market cap of £175.34 million, a price-to-earnings ratio of 75.89, a P/E/G ratio of 0.51 and a beta of 1.35.

Insider Buying and Selling at Crest Nicholson

In related news, insider Gillian Kent purchased 9,538 shares of Crest Nicholson stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average price of GBX 104 per share, for a total transaction of £9,919.52. In the last three months, insiders have bought 10,258 shares of company stock worth $1,066,856. 4.49% of the stock is owned by corporate 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.