Crest Nicholson (LON:CRST) Shares Down 8.3% – What’s Next?

Shares of Crest Nicholson Holdings plc (LON:CRST) were down 8.3% during trading on Thursday . The company traded as low as GBX 53 and last traded at GBX 56.20. Approximately 12,705,670 shares traded hands during trading, an increase of 161% from the average session volume of 4,872,614 shares. The stock had previously closed at GBX 61.30.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRST. JPMorgan Chase & Co. dropped their price objective on shares of Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 95 target price on shares of Crest Nicholson in a report on Friday, July 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 107 price target on shares of Crest Nicholson in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 108.86.

Crest Nicholson Price Performance

The company has a quick ratio of 0.71, a current ratio of 2.24 and a debt-to-equity ratio of 35.57. The stock has a market capitalization of £144.46 million, a price-to-earnings ratio of 6.69, a P/E/G ratio of 0.51 and a beta of 1.32. The business’s 50 day simple moving average is GBX 66.81 and its 200-day simple moving average is GBX 86.67.

Crest Nicholson (LON:CRST) last issued its earnings results on Thursday, July 16th. The company reported GBX (10.10) EPS for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. On average, research analysts forecast that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

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.