Crest Nicholson (CRST) Cut to “Reduce” at Peel Hunt

Crest Nicholson (LON:CRST) was downgraded by research analysts at Peel Hunt to a “reduce” rating in a research report issued to clients and investors on Monday. They currently have a GBX 305 ($3.99) target price on the stock, down from their previous target price of GBX 330 ($4.31). Peel Hunt’s price target points to a potential downside of 9.66% from the stock’s current price.

CRST has been the topic of a number of other reports. Liberum Capital reissued a “hold” rating on shares of Crest Nicholson in a report on Tuesday, October 30th. Barclays reissued an “equal weight” rating and set a GBX 438 ($5.72) price target (down from GBX 540 ($7.06)) on shares of Crest Nicholson in a report on Wednesday, September 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Crest Nicholson in a report on Thursday, October 18th. UBS Group reaffirmed a “buy” rating and issued a GBX 475 ($6.21) target price (down from GBX 550 ($7.19)) on shares of Crest Nicholson in a report on Thursday, October 18th. Finally, Canaccord Genuity reduced their target price on Crest Nicholson from GBX 525 ($6.86) to GBX 350 ($4.57) and set a “buy” rating on the stock in a report on Monday, October 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 439.92 ($5.75).

LON:CRST opened at GBX 337.60 ($4.41) on Monday. Crest Nicholson has a 52 week low of GBX 466.81 ($6.10) and a 52 week high of GBX 648.50 ($8.47).

In other news, insider Stephen Stone bought 150,000 shares of Crest Nicholson stock in a transaction dated Friday, October 19th. The shares were purchased at an average cost of GBX 303 ($3.96) per share, with a total value of £454,500 ($593,884.75).

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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