Berenberg Bank Cuts Crest Nicholson (LON:CRST) Price Target to GBX 58

Crest Nicholson (LON:CRST) had its target price trimmed by Berenberg Bank from GBX 70 to GBX 58 in a research report released on Friday morning, Marketbeat.com reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on CRST. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 95 price objective on shares of Crest Nicholson in a research note on Friday, July 17th. JPMorgan Chase & Co. lowered their target price on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 107 target price on shares of Crest Nicholson in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Crest Nicholson presently has a consensus rating of “Hold” and an average price target of GBX 104.86.

Crest Nicholson Stock Performance

Shares of CRST opened at GBX 58.10 on Friday. The company has a debt-to-equity ratio of 35.57, a current ratio of 2.24 and a quick ratio of 0.71. The stock has a 50-day moving average of GBX 66.08 and a 200-day moving average of GBX 85.11. The company has a market cap of £149.35 million, a PE ratio of 6.92, a P/E/G ratio of 0.51 and a beta of 1.32. Crest Nicholson has a one year low of GBX 53 and a one year high of GBX 176.20.

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

Crest Nicholson News Summary

Here are the key news stories impacting Crest Nicholson this week:

• Positive Sentiment: Improved debt position: Crest Nicholson lowered its year-end net debt forecast, a positive development for liquidity and financial flexibility despite the weaker earnings outlook. Crest Nicholson Lowers Year-End Net Debt Forecast and Expects FY26 EBIT Loss
• Positive Sentiment: Jefferies remains bullish: Jefferies Financial Group reaffirmed its “buy” rating and set a GBX 107 price target, implying substantial upside from recent trading levels and signaling confidence in a potential recovery. Crest Nicholson analyst ratings

About Crest Nicholson

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.