Berenberg Bank Has Lowered Expectations for Crest Nicholson (LON:CRST) Stock Price

Crest Nicholson (LON:CRST) had its price objective decreased by Berenberg Bank from GBX 160 to GBX 86 in a report released on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 24.05% from the stock’s previous close.

A number of other equities analysts have also weighed in on CRST. Stifel Nicolaus restated a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday. Royal Bank Of Canada lifted their price target on Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 164 price objective on shares of Crest Nicholson in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Crest Nicholson has an average rating of “Moderate Buy” and a consensus price target of GBX 156.67.

Crest Nicholson Stock Down 1.0%

Shares of LON:CRST opened at GBX 69.33 on Wednesday. The firm has a fifty day moving average price of GBX 124.92 and a two-hundred day moving average price of GBX 140.33. The company has a market cap of £177.98 million, a price-to-earnings ratio of 77.03, a PEG ratio of 0.51 and a beta of 1.58. The company has a debt-to-equity ratio of 24.15, a current ratio of 2.63 and a quick ratio of 0.72. Crest Nicholson has a one year low of GBX 59.70 and a one year high of GBX 198.50.

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 net margin of 0.36% and a return on equity of 0.30%. Analysts anticipate that Crest Nicholson will post 9.0980939 EPS for the current fiscal year.

Insiders Place Their Bets

In other Crest Nicholson news, insider Martyn Clark sold 46,077 shares of Crest Nicholson stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of GBX 151, for a total transaction of £69,576.27. Also, insider Gillian Kent acquired 9,538 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was purchased at an average price of GBX 104 per share, with a total value of £9,919.52. In the last three months, insiders purchased 10,312 shares of company stock worth $1,091,598. 4.49% of the stock is owned by insiders.

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.