Crest Nicholson’s (CRST) “Hold” Rating Reaffirmed at Berenberg Bank
Berenberg Bank reaffirmed their hold rating on shares of Crest Nicholson (LON:CRST) in a research report released on Tuesday morning, Digital Look reports. They currently have a GBX 340 ($4.44) target price on the stock.
A number of other analysts have also recently commented on CRST. Numis Securities reaffirmed a hold rating and issued a GBX 366 ($4.78) price target on shares of Crest Nicholson in a research note on Thursday, June 13th. UBS Group reaffirmed a buy rating and issued a GBX 450 ($5.88) price target (down from GBX 470 ($6.14)) on shares of Crest Nicholson in a research note on Wednesday, June 19th. Liberum Capital reaffirmed a buy rating on shares of Crest Nicholson in a research note on Tuesday, July 9th. Canaccord Genuity upped their price target on Crest Nicholson from GBX 365 ($4.77) to GBX 370 ($4.83) and gave the company a hold rating in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group reaffirmed a hold rating on shares of Crest Nicholson in a research note on Tuesday, June 25th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 399.42 ($5.22).
LON:CRST traded down GBX 6.90 ($0.09) on Tuesday, hitting GBX 338.50 ($4.42). 157,520 shares of the stock were exchanged, compared to its average volume of 1,510,000. The firm has a market capitalization of $871.48 million and a PE ratio of 6.39. Crest Nicholson has a 52 week low of GBX 275 ($3.59) and a 52 week high of GBX 410.80 ($5.37). The company has a quick ratio of 0.88, a current ratio of 4.16 and a debt-to-equity ratio of 29.47. The business has a 50-day moving average of GBX 357.06.
In other news, insider Octavia Morley purchased 5,600 shares of Crest Nicholson stock in a transaction on Tuesday, June 11th. The stock was purchased at an average price of GBX 356 ($4.65) per share, with a total value of £19,936 ($26,049.92).
Crest Nicholson Company Profile
Crest Nicholson Holdings plc builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.
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