Crest Nicholson (LON:CRST) Reaches New 12-Month Low – Time to Sell?

Crest Nicholson Holdings plc (LON:CRST) reached a new 52-week low during trading on Tuesday . The company 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 Analyst Weigh In

Separately, Berenberg Bank cut 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 research report 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 216.40 ($2.78).

Crest Nicholson Stock Down 3.2 %

The firm has a 50 day simple moving average of GBX 185.23 and a 200-day simple moving average of GBX 215.86. The stock has a market cap of £391.40 million, a P/E ratio of -1,550.90, a price-to-earnings-growth 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.

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.