Crest Nicholson (LON:CRST) Insider Buys 255 Shares

Crest Nicholson Holdings plc (LON:CRST) insider Martyn Clark bought 255 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of GBX 59 per share, for a total transaction of £150.45.

Martyn Clark also recently made the following trade(s):

• On Monday, August 10th, Martyn Clark bought 231 shares of Crest Nicholson stock. The shares were acquired at an average cost of GBX 65 per share, with a total value of £150.15.
• On Friday, July 10th, Martyn Clark bought 228 shares of Crest Nicholson stock. The stock was bought at an average price of GBX 66 per share, with a total value of £150.48.

Crest Nicholson Trading Down 1.4%

Shares of CRST traded down GBX 0.80 during mid-day trading on Thursday, reaching GBX 58. The stock had a trading volume of 2,461,106 shares, compared to its average volume of 4,791,642. Crest Nicholson Holdings plc has a 52-week low of GBX 53 and a 52-week high of GBX 176.20. The firm has a market cap of £148.92 million, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.51 and a beta of 1.32. The business’s fifty day moving average is GBX 65.20 and its 200 day moving average is GBX 82.88. The company has a debt-to-equity ratio of 35.57, a current ratio of 2.24 and a quick ratio of 0.71.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on CRST. Berenberg Bank dropped their target price on shares of Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a report on Friday, September 4th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 107 target price on shares of Crest Nicholson in a research report on Friday, September 4th. Royal Bank Of Canada lowered Crest Nicholson to an “outperform” rating and set a GBX 95 target price on the stock. in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Crest Nicholson from GBX 79 to GBX 65 and set a “hold” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. cut their price target on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Crest Nicholson has an average rating of “Hold” and a consensus price target of GBX 102.86.

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.