Crest Nicholson’s (CRST) Hold Rating Reiterated at Stifel Nicolaus
by Tristan Rich · The Markets DailyStifel Nicolaus reiterated their hold rating on shares of Crest Nicholson (LON:CRST – Free Report) in a report published on Tuesday morning,Digital Look reports. Stifel Nicolaus currently has a GBX 125 price objective on the stock.
Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 164 target price on shares of Crest Nicholson in a report on Tuesday. Royal Bank Of Canada raised their target price on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Crest Nicholson has an average rating of “Hold” and a consensus price target of GBX 128.43.
Crest Nicholson Stock Down 5.2%
Shares of LON CRST opened at GBX 66 on Tuesday. Crest Nicholson has a one year low of GBX 59.70 and a one year high of GBX 198.50. The company has a debt-to-equity ratio of 24.15, a current ratio of 2.63 and a quick ratio of 0.72. The firm’s 50 day simple moving average is GBX 120.93 and its two-hundred day simple moving average is GBX 139.32. The stock has a market capitalization of £169.44 million, a P/E ratio of 73.33, a PEG ratio of 0.51 and a beta of 1.58.
Crest Nicholson (LON:CRST – Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a net margin of 0.36% and a return on equity of 0.30%. As a group, analysts expect that Crest Nicholson will post 9.0980939 EPS for the current fiscal year.
Insider Activity at Crest Nicholson
In related news, insider Gillian Kent purchased 9,538 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average price of GBX 104 per share, for a total transaction of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of Crest Nicholson stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total transaction of £69,576.27. Insiders bought 10,312 shares of company stock worth $1,091,598 in the last 90 days. Company insiders own 4.49% of the company’s stock.
Key Headlines Impacting Crest Nicholson
Here are the key news stories impacting Crest Nicholson this week:
- Positive Sentiment: Jefferies reiterated a “Buy” rating, which provides some support and could attract bargain hunters or short-term buyers. Read More.
- Positive Sentiment: Royal Bank of Canada still lists an “Outperform” view (despite lowering its target to GBX 95 from GBX 155), offering another constructive broker voice that may limit downside. Read More.
- Neutral Sentiment: Stifel Nicolaus maintained a “Hold” rating, signalling no strong buy-side conviction but not adding fresh downside pressure. Read More.
- Negative Sentiment: Crest Nicholson issued a profit warning, cut guidance and said it is seeking covenant relief — a material operational/financial red flag that drove a sharp sell-off and raises near-term solvency and refinancing concerns. Read More.
- Negative Sentiment: Deutsche Bank slashed its rating to “Hold” and collapsed its price target to GBX 79 from GBX 228, reflecting a much weaker outlook and amplifying downside expectations. Read More.
- Negative Sentiment: Berenberg cut its price target from GBX 160 to GBX 86 and moved to “Hold”, adding to the chorus of analysts shrinking expectations for near-term profitability. Read More.
- Negative Sentiment: Market reaction has been severe: reports note shares fell by about a third after the profit warning, underscoring the scale of investor concern and increasing the risk of forced selling or further multiple compression. Read More.
About Crest Nicholson
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.