Royal Bank Of Canada Forecasts Strong Price Appreciation for Crest Nicholson (LON:CRST) Stock

Crest Nicholson (LON:CRST) had its target price boosted by Royal Bank Of Canada from GBX 205 to GBX 215 in a note issued to investors on Monday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 37.80% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Berenberg Bank dropped their price target on Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a research note on Tuesday, November 18th. JPMorgan Chase & Co. dropped 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 report on Thursday, December 4th. Jefferies Financial Group reissued a “buy” rating and set a GBX 230 price target on shares of Crest Nicholson in a research report on Monday, January 19th. Finally, Peel Hunt restated an “add” rating and set a GBX 190 price objective on shares of Crest Nicholson in a research note on Tuesday, November 18th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 195.

Crest Nicholson Stock Performance

Shares of CRST stock traded up GBX 3.73 on Monday, reaching GBX 156.03. The stock had a trading volume of 352,410 shares, compared to its average volume of 2,320,544. Crest Nicholson has a 12 month low of GBX 125.71 and a 12 month high of GBX 198.50. The firm has a market capitalization of £399.99 million, a price-to-earnings ratio of -5.44, a P/E/G ratio of 0.51 and a beta of 2.00. The firm’s 50-day moving average is GBX 137.60 and its two-hundred day moving average is GBX 156.12. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94.

Crest Nicholson (LON:CRST) last posted its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a negative return on equity of 3.47% and a negative net margin of 4.21%. On average, research analysts expect that Crest Nicholson will post 9.0980939 EPS for the current fiscal year.

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.