Crest Nicholson (LON:CRST) Trading 11.4% Higher – Here’s Why

Crest Nicholson Holdings plc (LON:CRST)’s stock price rose 11.4% during trading on Wednesday . The stock traded as high as GBX 171.40 and last traded at GBX 167.80. Approximately 1,085,650 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 2,346,765 shares. The stock had previously closed at GBX 150.60.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price objective on Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Peel Hunt reiterated an “add” rating and set a GBX 190 target price on shares of Crest Nicholson in a research note on Tuesday, November 18th. Berenberg Bank decreased their price target on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating for the company in a research report on Tuesday, November 18th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 230 price target on shares of Crest Nicholson in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Crest Nicholson has a consensus rating of “Moderate Buy” and an average target price of GBX 195.

Crest Nicholson Stock Performance

The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The stock’s 50-day moving average price is GBX 140.72 and its 200-day moving average price is GBX 154.69. The company has a market capitalization of £430.65 million, a P/E ratio of 186.44, a P/E/G ratio of 0.51 and a beta of 2.00.

Crest Nicholson (LON:CRST) last posted its earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. As a group, equities analysts expect that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current year.

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.