Stifel Nicolaus Reiterates “Hold” Rating for Crest Nicholson (LON:CRST)

Crest Nicholson (LON:CRST)‘s stock had its “hold” rating reissued by research analysts at Stifel Nicolaus in a research note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 125 price target on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 19.05% from the stock’s previous close.

A number of other research analysts have also commented on CRST. JPMorgan Chase & Co. cut their price objective on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Royal Bank Of Canada lifted their target price on Crest Nicholson from GBX 205 to GBX 215 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Finally, 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Crest Nicholson presently has an average rating of “Moderate Buy” and a consensus price target of GBX 183.33.

Crest Nicholson Trading Down 4.5%

Shares of Crest Nicholson stock opened at GBX 105 on Thursday. Crest Nicholson has a 1 year low of GBX 96.95 and a 1 year high of GBX 198.50. The company’s fifty day simple moving average is GBX 140.76 and its 200-day simple moving average is GBX 147.46. The company has a market cap of £269.48 million, a price-to-earnings ratio of 116.67, a PEG ratio of 0.51 and a beta of 1.42. The company has a current ratio of 2.63, a quick ratio of 0.72 and a debt-to-equity ratio of 24.15.

Crest Nicholson (LON:CRST) last released its earnings results on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a net margin of 0.36% and a return on equity of 0.30%. As a group, sell-side analysts expect that Crest Nicholson will post 9.0980939 EPS for the current year.

Insider Buying and Selling at Crest Nicholson

In other news, insider Martyn Clark sold 46,077 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total value of £69,576.27. Also, insider Gillian Kent acquired 9,538 shares of Crest Nicholson stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of GBX 104 per share, with a total value of £9,919.52. Insiders acquired a total of 10,250 shares of company stock worth $1,091,836 in the last three months. Insiders own 4.49% of the company’s stock.

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.