Crest Nicholson’s (CRST) Buy Rating Reiterated at Liberum Capital

Liberum Capital reaffirmed their buy rating on shares of Crest Nicholson (LON:CRST) in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 405 ($5.29) price target on the stock.

Several other research analysts have also issued reports on CRST. Berenberg Bank cut their target price on shares of 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. Peel Hunt restated a reduce rating on shares of Crest Nicholson in a research report on Tuesday, January 29th. UBS Group restated a buy rating and set a GBX 470 ($6.14) price target (down from GBX 475 ($6.21)) on shares of Crest Nicholson in a research report on Tuesday, January 29th. Barclays restated an equal weight rating and set a GBX 359 ($4.69) price target (down from GBX 366 ($4.78)) on shares of Crest Nicholson in a research report on Wednesday, January 30th. Finally, Numis Securities lowered shares of Crest Nicholson to a hold rating and set a GBX 343 ($4.48) price target for the company. in a research report on Wednesday, January 30th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 408.25 ($5.33).

Shares of LON:CRST opened at GBX 372.80 ($4.87) on Wednesday. Crest Nicholson has a 52-week low of GBX 275 ($3.59) and a 52-week high of GBX 450.80 ($5.89). The firm has a market capitalization of $957.28 million and a P/E ratio of 6.73. The company has a quick ratio of 0.71, a current ratio of 3.80 and a debt-to-equity ratio of 19.37.

In related news, insider Kevin Maguire sold 10,000 shares of the stock in a transaction dated Friday, April 5th. The shares were 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.

Read More: What is Cost of Goods Sold (COGS)?

Analyst Recommendations for Crest Nicholson (LON:CRST)

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