Crest Nicholson (LON:CRST) Hits New 1-Year Low – Time to Sell?

Crest Nicholson Holdings plc (LON:CRST)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 152.70 ($1.96) and last traded at GBX 152.70 ($1.96), with a volume of 741314 shares. The stock had previously closed at GBX 157.80 ($2.03).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price objective on Crest Nicholson from GBX 280 ($3.60) to GBX 215 ($2.77) and set a “hold” rating on the stock in a research note on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 216.40 ($2.78).

Crest Nicholson Trading Down 0.4 %

The firm has a market capitalization of £389.09 million, a P/E ratio of -1,510.48, a PEG ratio of 0.51 and a beta of 2.00. The company has a quick ratio of 0.72, a current ratio of 3.13 and a debt-to-equity ratio of 13.12. The firm has a 50 day moving average of GBX 183.20 and a 200-day moving average of GBX 215.18.

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.