Crest Nicholson (LON:CRST) Reaches New 52-Week Low on Analyst Downgrade

Crest Nicholson Holdings plc (LON:CRST)’s share price reached a new 52-week low during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 195 to GBX 180. Berenberg Bank currently has a hold rating on the stock. Crest Nicholson traded as low as GBX 126.90 and last traded at GBX 128, with a volume of 20319219 shares changing hands. The stock had previously closed at GBX 131.80.

A number of other equities research analysts also recently issued reports on the company. Peel Hunt restated an “add” rating and set a GBX 190 price objective on shares of Crest Nicholson in a research report on Tuesday. Jefferies Financial Group dropped their price objective on shares of Crest Nicholson from GBX 254 to GBX 251 and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Crest Nicholson presently has an average rating of “Moderate Buy” and an average target price of GBX 202.75.

Crest Nicholson Price Performance

The stock’s 50 day moving average price is GBX 161.97 and its 200-day moving average price is GBX 173.58. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94. The stock has a market capitalization of £328.13 million, a PE ratio of -4.46, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00.

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.