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

Crest Nicholson Holdings plc (LON:CRST) reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 162.50 ($2.12) and last traded at GBX 163.30 ($2.13), with a volume of 990651 shares changing hands. The stock had previously closed at GBX 164.80 ($2.15).

Analysts Set New Price Targets

Separately, Berenberg Bank lowered their price target on shares of Crest Nicholson from GBX 280 ($3.64) to GBX 215 ($2.80) and set a “hold” rating for the company in a research report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, Crest Nicholson has a consensus rating of “Hold” and an average price target of GBX 216.40 ($2.82).

Crest Nicholson Stock Down 0.9 %

The firm has a market capitalization of £418.57 million, a price-to-earnings ratio of -1,633.00, a P/E/G 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. The company’s 50 day moving average price is GBX 188.02 and its 200 day moving average price is GBX 216.23.

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.