Crest Nicholson’s (CRST) Buy Rating Reiterated at Jefferies Financial Group

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 107 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 57.58% from the company’s previous close.

A number of other brokerages have also commented on CRST. Deutsche Bank Aktiengesellschaft lowered Crest Nicholson to a “hold” rating and decreased their price objective for the company from GBX 228 to GBX 79 in a report on Wednesday, April 22nd. Stifel Nicolaus reissued a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Berenberg Bank decreased their price target on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 95 price target on shares of Crest Nicholson in a research report on Friday, July 17th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 108.86.

Crest Nicholson Price Performance

Crest Nicholson stock opened at GBX 67.90 on Wednesday. Crest Nicholson has a 12 month low of GBX 59.60 and a 12 month high of GBX 182.90. The stock’s 50 day moving average is GBX 68.13 and its 200-day moving average is GBX 96.15. 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 company has a market capitalization of £174.54 million, a price-to-earnings ratio of 8.08, a PEG ratio of 0.51 and a beta of 1.33.

Crest Nicholson (LON:CRST) last released its quarterly earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share for the quarter. Crest Nicholson had a negative return on equity of 4.32% and a negative net margin of 5.44%. Equities research analysts expect that Crest Nicholson 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.