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

Shares of Crest Nicholson Holdings plc (LON:CRST) reached a new 52-week low during mid-day 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 trading hands. The stock had previously closed at GBX 157.80 ($2.03).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on Crest Nicholson from GBX 280 ($3.60) to GBX 215 ($2.77) and set a “hold” rating for the company in a report on Tuesday, October 22nd. Two 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 216.40 ($2.78).

Crest Nicholson Stock Down 0.4 %

The stock has a market cap of £389.09 million, a price-to-earnings ratio of -1,510.48, a P/E/G ratio of 0.51 and a beta of 2.00. The stock’s 50-day moving average price is GBX 183.20 and its 200-day moving average price is GBX 215.18. The company has a current ratio of 3.13, a quick ratio of 0.72 and a debt-to-equity ratio of 13.12.

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.