Crest Nicholson (LON:CRST) Stock Price Up 13.2% – Still a Buy?

Crest Nicholson Holdings plc (LON:CRST)’s stock price traded up 13.2% during mid-day trading on Thursday . The company traded as high as GBX 158.90 and last traded at GBX 153.56. 4,371,289 shares were traded during trading, an increase of 230% from the average session volume of 1,323,015 shares. The stock had previously closed at GBX 135.70.

Wall Street Analysts Forecast Growth

CRST has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Berenberg Bank reduced their price objective on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a research note on Tuesday, November 18th. Peel Hunt restated an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 230 price target on shares of Crest Nicholson in a report on Monday, January 19th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 190.

Crest Nicholson Stock Performance

The firm has a market capitalization of £395.31 million, a price-to-earnings ratio of -5.37, a PEG ratio of 0.51 and a beta of 2.00. 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 stock’s 50-day moving average is GBX 136.67 and its 200-day moving average is GBX 156.81.

Crest Nicholson (LON:CRST) last issued its earnings results 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, analysts predict that Crest Nicholson Holdings plc will post 9.0980939 EPS 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.