Crest Nicholson (LON:CRST) Shares Up 11.4% – Here’s What Happened

Crest Nicholson Holdings plc (LON:CRST)’s share price rose 11.4% on Wednesday . The company traded as high as GBX 171.40 and last traded at GBX 167.80. Approximately 1,085,650 shares changed hands during trading, a decline of 54% from the average daily volume of 2,346,765 shares. The stock had previously closed at GBX 150.60.

Wall Street Analysts Forecast Growth

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

Crest Nicholson Trading Up 11.4%

The company has a 50-day moving average price of GBX 140.72 and a two-hundred day moving average price of GBX 154.69. The stock has a market cap of £430.65 million, a P/E ratio of 186.44, a P/E/G 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.

Crest Nicholson (LON:CRST) last released its earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. On average, research analysts expect 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.