Crest Nicholson Holdings PLC (LON:CRST) has received a consensus recommendation of “Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 594.86 ($8.22).
Several research firms recently weighed in on CRST. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 593 ($8.19) price objective on shares of Crest Nicholson in a report on Monday, December 18th. Peel Hunt reduced their price objective on shares of Crest Nicholson from GBX 680 ($9.39) to GBX 675 ($9.33) and set a “buy” rating for the company in a report on Wednesday, January 24th. Shore Capital reaffirmed a “buy” rating on shares of Crest Nicholson in a report on Wednesday, January 24th. Numis Securities reduced their price objective on shares of Crest Nicholson from GBX 618 ($8.54) to GBX 595 ($8.22) and set an “add” rating for the company in a report on Thursday, January 25th. Finally, Beaufort Securities reaffirmed a “buy” rating and issued a GBX 580 ($8.01) price objective on shares of Crest Nicholson in a report on Monday, January 22nd.
In other Crest Nicholson news, insider Robert Allen purchased 3,900 shares of the business’s stock in a transaction on Friday, January 26th. The stock was bought at an average cost of GBX 507 ($7.00) per share, with a total value of £19,773 ($27,318.32). Also, insider Stephen Stone sold 232,889 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of GBX 475 ($6.56), for a total transaction of £1,106,222.75 ($1,528,354.17).
Crest Nicholson (LON:CRST) opened at GBX 445.40 ($6.15) on Friday. The stock has a market capitalization of $1,200.00 and a PE ratio of 685.23. Crest Nicholson has a 1-year low of GBX 466.81 ($6.45) and a 1-year high of GBX 648.50 ($8.96).
The firm also recently declared a dividend, which will be paid on Friday, April 6th. Shareholders of record on Thursday, March 15th will be issued a GBX 21.80 ($0.30) dividend. This represents a yield of 4.16%. This is an increase from Crest Nicholson’s previous dividend of $11.20. The ex-dividend date is Thursday, March 15th.
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About Crest Nicholson
Crest Nicholson Holdings plc is a United Kingdom-based residential developer operating in the Southern half of England. The Company’s product range varies from homes for first time buyers to large family homes, and includes a mixture of houses, apartments and supporting commercial premises as part of its developments.
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