Crest Nicholson (LON:CRST) Downgraded by Deutsche Bank Aktiengesellschaft to “Hold”

Crest Nicholson (LON:CRST) was downgraded by Deutsche Bank Aktiengesellschaft to a “hold” rating in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 79 price objective on the stock, down from their prior price objective of GBX 228. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 12.38% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday. Berenberg Bank cut their price objective on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a research note on Wednesday. Royal Bank Of Canada cut shares of Crest Nicholson to an “outperform” rating and cut their price objective for the company from GBX 155 to GBX 95 in a research note on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 164 price objective on shares of Crest Nicholson in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 128.43.

Crest Nicholson Stock Performance

CRST stock traded up GBX 0.30 during mid-day trading on Wednesday, reaching GBX 70.30. The company had a trading volume of 35,139,926 shares, compared to its average volume of 4,952,168. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15. The stock has a market capitalization of £180.48 million, a P/E ratio of 78.11, a P/E/G ratio of 0.51 and a beta of 1.58. Crest Nicholson has a one year low of GBX 59.70 and a one year high of GBX 198.50. The stock’s 50-day simple moving average is GBX 124.92 and its two-hundred day simple moving average is GBX 140.33.

Crest Nicholson (LON:CRST) last posted its earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a return on equity of 0.30% and a net margin of 0.36%. Research analysts anticipate that Crest Nicholson will post 9.0980939 EPS for the current year.

Insider Transactions at Crest Nicholson

In related news, insider Gillian Kent acquired 9,538 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 104 per share, for a total transaction of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of Crest Nicholson stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total transaction of £69,576.27. Over the last 90 days, insiders have purchased 10,312 shares of company stock worth $1,091,598. Company insiders own 4.49% of the company’s stock.

More Crest Nicholson News

Here are the key news stories impacting Crest Nicholson this week:

• Positive Sentiment: Jefferies reaffirmed its “buy” rating and a GBX 164 price target, providing a credible upside-supporting view for the stock. Jefferies reaffirm buy
• Neutral Sentiment: Stifel Nicolaus reaffirmed a “hold” rating with a GBX 125 target, indicating some broker comfort at intermediate levels. Stifel note
• Neutral Sentiment: Royal Bank of Canada shifted its view to “outperform” but cut its price target from GBX 155 to GBX 95 — a mixed signal (positive wording but materially lower valuation). RBC note
• Negative Sentiment: Berenberg cut its price target sharply from GBX 160 to GBX 86 and moved to “hold”, weighing on market sentiment and implying lower near‑term valuation expectations. Berenberg note
• Negative Sentiment: Crest Nicholson issued a profit warning and said it is seeking covenant relief as macro headwinds slow land sales and hit completions — a material operational and financing concern that triggered a steep intraday drop (reports detail the guidance cut and covenant request). Investing.com article Yahoo article Reuters article

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.