Crest Nicholson (LON:CRST) Shares Up 13.2% – Time to Buy?

by · The Markets Daily

Crest Nicholson Holdings plc (LON:CRST – Get Free Report)’s stock price rose 13.2% on Thursday . The company traded as high as GBX 158.90 and last traded at GBX 153.56. Approximately 4,371,289 shares changed hands during trading, an increase of 230% from the average daily volume of 1,323,015 shares. The stock had previously closed at GBX 135.70.

Analyst Ratings Changes

A number of research firms have issued reports on CRST. Berenberg Bank decreased their price objective on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a research report on Tuesday, November 18th. Peel Hunt reissued an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a research note on Tuesday, November 18th. Jefferies Financial Group restated a “buy” rating and set a GBX 230 price target on shares of Crest Nicholson in a report on Monday, January 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Crest Nicholson has an average rating of “Moderate Buy” and a consensus target price of GBX 190.

Get Our Latest Analysis on Crest Nicholson

Crest Nicholson Stock Down 1.2%

The company has a debt-to-equity ratio of 12.94, a current ratio of 3.27 and a quick ratio of 0.72. The stock has a 50 day simple moving average of GBX 137.60 and a 200-day simple moving average of GBX 156.54. The firm has a market cap of £390.43 million, a PE ratio of -5.31, a PEG ratio of 0.51 and a beta of 2.00.

Crest Nicholson (LON:CRST – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share for the quarter. Crest Nicholson had a negative return on equity of 3.47% and a negative net margin of 4.21%. Sell-side analysts predict that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current fiscal year.

About Crest Nicholson

(Get Free Report)

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.

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