Deutsche Bank Downgrades Crest Nicholson (LON:CRST) to Sell

Crest Nicholson (LON:CRST) was downgraded by investment analysts at Deutsche Bank to a “sell” rating in a note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a GBX 368 ($4.84) price target on the stock, down from their prior price target of GBX 371 ($4.88). Deutsche Bank’s price target indicates a potential downside of 15.40% from the stock’s current price.

CRST has been the subject of several other reports. Shore Capital reiterated a “hold” rating on shares of Crest Nicholson in a report on Thursday, October 31st. Berenberg Bank raised their target price on Crest Nicholson from GBX 300 ($3.95) to GBX 370 ($4.87) and gave the company a “hold” rating in a research note on Thursday, January 9th. Canaccord Genuity raised their target price on Crest Nicholson from GBX 355 ($4.67) to GBX 435 ($5.72) and gave the company a “hold” rating in a research note on Tuesday, January 7th. Liberum Capital raised their target price on Crest Nicholson from GBX 379 ($4.99) to GBX 412 ($5.42) and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 407 ($5.35) target price (up from GBX 396 ($5.21)) on shares of Crest Nicholson in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. Crest Nicholson currently has an average rating of “Hold” and a consensus target price of GBX 405.18 ($5.33).

LON CRST traded down GBX 3.60 ($0.05) during trading hours on Tuesday, hitting GBX 435 ($5.72). The company had a trading volume of 331,271 shares, compared to its average volume of 1,510,000. Crest Nicholson has a fifty-two week low of GBX 330 ($4.34) and a fifty-two week high of GBX 469 ($6.17). The company has a market capitalization of $1.13 billion and a price-to-earnings ratio of 8.21. The company has a debt-to-equity ratio of 29.47, a current ratio of 4.16 and a quick ratio of 0.88. The firm’s 50 day moving average is GBX 418.47 and its 200 day moving average is GBX 382.

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.

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Analyst Recommendations for Crest Nicholson (LON:CRST)

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