Crest Nicholson (LON:CRST) PT Lowered to GBX 300

Crest Nicholson (LON:CRST) had its price objective lowered by Berenberg Bank from GBX 340 ($4.44) to GBX 300 ($3.92) in a research report report published on Monday morning, Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

Several other research analysts have also weighed in on CRST. UBS Group lowered Crest Nicholson to a neutral rating and cut their target price for the stock from GBX 450 ($5.88) to GBX 390 ($5.10) in a research report on Friday, November 1st. Deutsche Bank reissued a hold rating and issued a GBX 371 ($4.85) price objective on shares of Crest Nicholson in a research report on Friday, November 1st. Shore Capital reissued a hold rating on shares of Crest Nicholson in a research report on Thursday, October 31st. Liberum Capital reissued a buy rating and issued a GBX 379 ($4.95) price objective on shares of Crest Nicholson in a research report on Wednesday, November 6th. Finally, Peel Hunt reissued a hold rating on shares of Crest Nicholson in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of GBX 381.55 ($4.99).

Shares of CRST traded up GBX 1.40 ($0.02) during trading hours on Monday, hitting GBX 369 ($4.82). The stock had a trading volume of 640,320 shares, compared to its average volume of 1,510,000. The company has a debt-to-equity ratio of 29.47, a quick ratio of 0.88 and a current ratio of 4.16. The firm has a market cap of $948.04 million and a P/E ratio of 6.96. The company’s fifty day simple moving average is GBX 388.93 and its 200 day simple moving average is GBX 369.18. Crest Nicholson has a 12-month low of GBX 305.20 ($3.99) and a 12-month high of GBX 437.20 ($5.71).

Crest Nicholson Company Profile

Crest Nicholson Holdings plc 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.

See Also: Cost of equity and a company’s balance sheet

Analyst Recommendations for Crest Nicholson (LON:CRST)

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