Jefferies Financial Group Reaffirms “Buy” Rating for Crest Nicholson (LON:CRST)

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating reissued by research analysts at Jefferies Financial Group in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 107 target price on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 82.42% from the stock’s previous close.

A number of other analysts also recently weighed in on CRST. Royal Bank Of Canada downgraded shares of Crest Nicholson to an “outperform” rating and set a GBX 95 price target for the company. in a research report on Thursday. Berenberg Bank dropped their price target on shares of Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. cut their price target on shares of Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 104.86.

Crest Nicholson Trading Up 4.4%

Shares of CRST opened at GBX 58.66 on Friday. Crest Nicholson has a one year low of GBX 53 and a one year high of GBX 176.20. The stock has a 50-day moving average price of GBX 66.42 and a 200 day moving average price of GBX 85.90. The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.71 and a current ratio of 2.24. The company has a market capitalization of £150.78 million, a P/E ratio of 6.98, a P/E/G ratio of 0.51 and a beta of 1.32.

Crest Nicholson (LON:CRST) last posted its quarterly earnings data on Thursday, July 16th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Crest Nicholson had a negative return on equity of 4.32% and a negative net margin of 5.44%. Sell-side analysts forecast that Crest Nicholson 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.