Crest Nicholson (LON:CRST) Stock Price Up 13.2% – Here’s What Happened

Crest Nicholson Holdings plc (LON:CRST) shares traded up 13.2% on Thursday . The company traded as high as GBX 158.90 and last traded at GBX 153.56. 4,371,289 shares changed hands 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.

Analyst Ratings Changes

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

Crest Nicholson Trading Up 13.6%

The business has a fifty day moving average price of GBX 136.67 and a 200-day moving average price of GBX 156.81. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94. The company has a market cap of £395.31 million, a P/E ratio of -5.37, a PEG ratio of 0.51 and a beta of 2.00.

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