Liberum Capital Reiterates Buy Rating for Crest Nicholson (LON:CRST)

Liberum Capital restated their buy rating on shares of Crest Nicholson (LON:CRST) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of VESTAS WIND SYS/ADR from a neutral rating to an underweight rating in a report on Thursday, March 21st. UBS Group lowered shares of to a neutral rating and cut their price target for the company from GBX 870 ($11.37) to GBX 650 ($8.49) in a report on Wednesday, June 19th. Canaccord Genuity raised their price target on shares of from GBX 365 ($4.77) to GBX 370 ($4.83) and gave the company a hold rating in a report on Wednesday, June 12th. Jefferies Financial Group upgraded shares of SALVATORE FERRA/ADR from an underperform rating to a hold rating in a report on Tuesday, June 25th. Finally, Peel Hunt restated a hold rating and issued a GBX 935 ($12.22) price target (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a report on Tuesday. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. Crest Nicholson has a consensus rating of Hold and an average price target of GBX 399.42 ($5.22).

LON CRST opened at GBX 368 ($4.81) on Tuesday. Crest Nicholson has a one year low of GBX 275 ($3.59) and a one year high of GBX 410.80 ($5.37). The firm has a 50 day simple moving average of GBX 358.04. 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 stock has a market capitalization of $945.47 million and a price-to-earnings ratio of 6.94.

The firm also recently declared a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 19th will be issued a GBX 11.20 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a yield of 3.14%. Crest Nicholson’s payout ratio is 0.62%.

In other news, insider Octavia Morley acquired 5,600 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of GBX 356 ($4.65) per share, for a total transaction of £19,936 ($26,049.92).

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.

Further Reading: Correction

Analyst Recommendations for Crest Nicholson (LON:CRST)

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