Crest Nicholson (LON:CRST) Stock Price Up 12.4% – Here’s Why

Crest Nicholson Holdings plc (LON:CRST) shares were up 12.4% on Wednesday . The stock traded as high as GBX 171.40 and last traded at GBX 169.20. Approximately 1,092,948 shares were traded during trading, a decline of 53% from the average daily volume of 2,347,016 shares. The stock had previously closed at GBX 150.60.

Analyst Upgrades and Downgrades

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

Crest Nicholson Stock Performance

The company has a 50-day moving average of GBX 140.12 and a 200-day moving average of GBX 154.59. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The firm has a market capitalization of £430.65 million, a price-to-earnings ratio of 186.44, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00.

Crest Nicholson (LON:CRST) last announced its quarterly earnings data on Thursday, January 29th. The company reported GBX 7.80 earnings per share for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. On average, equities research analysts forecast that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current fiscal 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.