Berenberg Bank Issues Pessimistic Forecast for Crest Nicholson (LON:CRST) Stock Price

Crest Nicholson (LON:CRST) had its price target lowered by analysts at Berenberg Bank from GBX 70 to GBX 58 in a research note issued on Friday, London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 0.28% from the company’s current price.

Other analysts have also issued reports about the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 95 target price on shares of Crest Nicholson in a research report on Friday, July 17th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 107 price target on shares of Crest Nicholson in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Crest Nicholson has an average rating of “Hold” and a consensus price target of GBX 104.86.

Crest Nicholson Trading Up 3.5%

LON:CRST opened at GBX 58.16 on Friday. Crest Nicholson has a 12 month low of GBX 53 and a 12 month high of GBX 176.20. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 35.57. The stock has a market capitalization of £149.50 million, a price-to-earnings ratio of 6.92, a PEG ratio of 0.51 and a beta of 1.32. The firm has a fifty day simple moving average of GBX 66.42 and a two-hundred day simple moving average of GBX 85.90.

Crest Nicholson (LON:CRST) last announced its quarterly earnings data on Thursday, July 16th. The company reported GBX (10.10) earnings per share for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. Analysts expect that Crest Nicholson will post 9.0980939 EPS for the current fiscal 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.