Crest Nicholson (CRST) Rating Increased to Buy at Liberum Capital

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Crest Nicholson (LON:CRST) was upgraded by stock analysts at Liberum Capital to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities analysts also recently issued reports about the stock. UBS Group reaffirmed a “buy” rating and set a GBX 475 ($6.21) price objective (down from GBX 550 ($7.19)) on shares of Crest Nicholson in a report on Thursday, October 18th. Canaccord Genuity reduced their price objective on shares of Crest Nicholson from GBX 525 ($6.86) to GBX 350 ($4.57) and set a “buy” rating for the company in a report on Monday, October 22nd. Barclays reiterated an “equal weight” rating and set a GBX 438 ($5.72) target price (down previously from GBX 540 ($7.06)) on shares of Crest Nicholson in a research report on Wednesday, September 12th. Libertas Partners cut shares of Crest Nicholson to a “hold” rating and dropped their target price for the stock from GBX 528 ($6.90) to GBX 331 ($4.33) in a research report on Wednesday, October 17th. Finally, Peel Hunt dropped their target price on shares of Crest Nicholson from GBX 520 ($6.79) to GBX 330 ($4.31) and set a “hold” rating for the company in a research report on Wednesday, October 17th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 442 ($5.78).

LON:CRST opened at GBX 337.60 ($4.41) on Thursday. Crest Nicholson has a 52 week low of GBX 466.81 ($6.10) and a 52 week high of GBX 648.50 ($8.47).

In other news, insider Stephen Stone bought 150,000 shares of the company’s stock in a transaction that occurred on Friday, October 19th. The stock was acquired at an average price of GBX 303 ($3.96) per share, for a total transaction of £454,500 ($593,884.75).

Crest Nicholson Company Profile

Crest Nicholson Holdings plc engages in 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.

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Analyst Recommendations for Crest Nicholson (LON:CRST)

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