Crest Nicholson (LON:CRST) Reaches New 1-Year Low – Here’s Why

Shares of Crest Nicholson Holdings plc (LON:CRST) reached a new 52-week low during trading on Monday . The stock traded as low as GBX 120.40 and last traded at GBX 121.44, with a volume of 7958362 shares traded. The stock had previously closed at GBX 128.70.

Analyst Ratings Changes

A number of analysts have issued reports on CRST shares. Royal Bank Of Canada lifted their price target on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. cut their price objective on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Peel Hunt reaffirmed an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a report on Tuesday, November 18th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 230 target price on shares of Crest Nicholson in a research report on Thursday, February 5th. Finally, Berenberg Bank dropped their price target on Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 195.

Crest Nicholson Stock Performance

The stock has a market capitalization of £311.67 million, a PE ratio of 134.94, a PEG ratio of 0.51 and a beta of 1.42. The business’s 50 day moving average is GBX 147.65 and its 200 day moving average is GBX 151.32. The company has a current ratio of 2.63, a quick ratio of 0.72 and a debt-to-equity ratio of 24.15.

Crest Nicholson (LON:CRST) last announced its earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a return on equity of 0.30% and a net margin of 0.36%. On average, equities research analysts predict that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crest Nicholson news, insider Martyn Clark sold 46,077 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of GBX 151, for a total value of £69,576.27. Over the last 90 days, insiders acquired 585 shares of company stock valued at $84,800. Corporate insiders own 4.49% of the company’s stock.

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.