Crest Nicholson (LON:CRST) Shares Down 8.1% – Time to Sell?

Shares of Crest Nicholson Holdings plc (LON:CRST) fell 8.1% during mid-day trading on Monday . The company traded as low as GBX 65.40 and last traded at GBX 65.80. 3,139,801 shares changed hands during 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

A number of brokerages have recently issued reports on CRST. Stifel Nicolaus reiterated a “hold” rating and set a GBX 125 target price on shares of Crest Nicholson in a research report on Tuesday, April 21st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 112 target price on shares of Crest Nicholson in a research report on Tuesday, May 5th. Royal Bank Of Canada lowered shares of Crest Nicholson to an “outperform” rating and reduced their target price for the stock from GBX 155 to GBX 95 in a research report on Wednesday, April 22nd. Berenberg Bank cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson to a “hold” rating and cut their price objective for the company from GBX 228 to GBX 79 in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Crest Nicholson presently has a consensus rating of “Hold” and a consensus target price of GBX 121.

Crest Nicholson Price Performance

The company’s fifty day moving average is GBX 84.73 and its two-hundred day moving average is GBX 121.62. The firm has a market capitalization of £168.93 million, a price-to-earnings ratio of 73.11, a price-to-earnings-growth ratio of 0.51 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15.

Insiders Place Their Bets

In other Crest Nicholson news, insider Gillian Kent acquired 9,538 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 104 per share, for a total transaction of £9,919.52. Insiders have purchased 10,258 shares of company stock valued at $1,066,856 in the last quarter. Corporate insiders own 4.49% of the company’s stock.

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.