Crest Nicholson (LON:CRST) Hits New 52-Week Low – Should You Sell?

Crest Nicholson Holdings plc (LON:CRST)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 112.60 and last traded at GBX 116.80, with a volume of 452747 shares traded. The stock had previously closed at GBX 117.50.

Analysts Set New Price Targets

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

Crest Nicholson Trading Down 0.6%

The business’s 50 day simple moving average is GBX 145.05 and its 200-day simple moving average is GBX 149.46. The stock has a market capitalization of £299.76 million, a P/E ratio of 129.78, a PEG ratio of 0.51 and a beta of 1.42. The company has a debt-to-equity ratio of 24.15, a current ratio of 2.63 and a quick ratio of 0.72.

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

Insiders Place Their Bets

In related news, insider Martyn Clark sold 46,077 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total transaction of £69,576.27. Over the last 90 days, insiders have purchased 712 shares of company stock worth $99,884. 4.49% of the stock is owned by company insiders.

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.