Crest Nicholson (LON:CRST) posted its quarterly earnings results on Tuesday. The company reported GBX 23.80 ($0.32) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Crest Nicholson had a net margin of 17.08% and a return on equity of 27.35%.
Crest Nicholson traded up GBX 3 ($0.04), hitting GBX 427.80 ($5.70), during midday trading on Thursday, MarketBeat.com reports. 1,805,244 shares of the company traded hands, compared to its average volume of 1,510,000. Crest Nicholson has a twelve month low of GBX 466.81 ($6.22) and a twelve month high of GBX 648.50 ($8.63).
The business also recently declared a dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be issued a dividend of GBX 11.20 ($0.15) per share. The ex-dividend date is Thursday, September 20th. This represents a yield of 2.62%.
Several equities analysts recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of Crest Nicholson in a research report on Thursday, March 22nd. Numis Securities cut their price objective on shares of Crest Nicholson from GBX 595 ($7.92) to GBX 493 ($6.56) and set an “add” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Crest Nicholson from GBX 550 ($7.32) to GBX 500 ($6.66) and set a “neutral” rating on the stock in a research report on Wednesday. Credit Suisse Group reaffirmed a “buy” rating and set a GBX 530 ($7.06) price objective on shares of Crest Nicholson in a research report on Tuesday. Finally, Peel Hunt lowered shares of Crest Nicholson to a “hold” rating and cut their price objective for the company from GBX 660 ($8.79) to GBX 520 ($6.92) in a research report on Wednesday, May 16th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Crest Nicholson currently has an average rating of “Buy” and an average target price of GBX 567.44 ($7.55).
In other Crest Nicholson news, insider Stephen Stone sold 250,000 shares of the stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of GBX 483 ($6.43), for a total transaction of £1,207,500 ($1,607,642.12). Also, insider Leslie Van de Walle purchased 12,000 shares of the stock in a transaction on Tuesday, June 12th. The shares were bought at an average price of GBX 421 ($5.61) per share, for a total transaction of £50,520 ($67,261.35).
About Crest Nicholson
Crest Nicholson Holdings plc engages in builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.
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