Crest Nicholson Holdings PLC (CRST) Receives GBX 406.90 Consensus Target Price from Analysts

Crest Nicholson Holdings PLC (LON:CRST) has received a consensus rating of “Hold” from the thirteen research firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 406.90 ($5.32).

A number of research analysts have issued reports on the company. Peel Hunt reiterated a “hold” rating on shares of Crest Nicholson in a research report on Wednesday. Liberum Capital reiterated a “buy” rating and set a GBX 405 ($5.29) price target on shares of Crest Nicholson in a research report on Wednesday. Berenberg Bank reduced their price target on Crest Nicholson from GBX 440 ($5.75) to GBX 360 ($4.70) and set a “hold” rating for the company in a research report on Monday, January 28th. UBS Group reiterated a “buy” rating on shares of Crest Nicholson in a research report on Friday, May 10th. Finally, Canaccord Genuity boosted their price target on Crest Nicholson from GBX 350 ($4.57) to GBX 365 ($4.77) and gave the stock a “hold” rating in a research report on Wednesday, January 30th.

CRST stock traded up GBX 6.20 ($0.08) during trading on Thursday, reaching GBX 372.80 ($4.87). 1,396,560 shares of the company’s stock were exchanged, compared to its average volume of 1,510,000. The company has a debt-to-equity ratio of 19.37, a quick ratio of 0.71 and a current ratio of 3.80. Crest Nicholson has a 1-year low of GBX 275 ($3.59) and a 1-year high of GBX 450.80 ($5.89). The firm has a market capitalization of $957.28 million and a PE ratio of 6.73.

In other news, insider Kevin Maguire sold 10,000 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of GBX 382 ($4.99), for a total value of £38,200 ($49,915.07).

About Crest Nicholson

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.

Further Reading: Rule of 72

Analyst Recommendations for Crest Nicholson (LON:CRST)

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