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

Key Points

• Berenberg Bank lowered Crest Nicholson’s price target from GBX 70 to GBX 58 and maintained a “hold” rating, implying roughly 0.28% downside from the reported share price.
• Analyst sentiment remains mixed but leans neutral: the stock has three Buy ratings and four Hold ratings, with a consensus “Hold” rating and an average target price of GBX 104.86.
• Crest Nicholson reported quarterly EPS of negative GBX 10.10, along with a negative net margin of 5.44% and negative return on equity of 4.32%; its shares have traded between GBX 53 and GBX 176.20 over the past year.

Crest Nicholson (LON:CRST - Get Free Report) had its price objective dropped by analysts at Berenberg Bank from GBX 70 to GBX 58 in a research note issued to investors on Friday, London Stock Exchange reports. The firm currently has a "hold" rating on the stock. Berenberg Bank's price target would suggest a potential downside of 0.28% from the company's current price.

A number of other equities research analysts have also commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating on the stock in a research note on Tuesday, June 16th. Jefferies Financial Group reissued a "buy" rating and set a GBX 107 target price on shares of Crest Nicholson in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 95 target price on shares of Crest Nicholson in a research note on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of GBX 104.86.

Crest Nicholson Price Performance

Crest Nicholson stock opened at GBX 58.16 on Friday. The stock's 50 day moving average is GBX 66.42 and its 200 day moving average is GBX 85.90. The company has a debt-to-equity ratio of 35.57, a current ratio of 2.24 and a quick ratio of 0.71. The firm has a market cap of £149.50 million, a P/E ratio of 6.92, a P/E/G ratio of 0.51 and a beta of 1.32. Crest Nicholson has a one year low of GBX 53 and a one year high of GBX 176.20.

Crest Nicholson (LON:CRST - Get Free Report) last announced its earnings results on Thursday, July 16th. The company reported GBX (10.10) EPS for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. As a group, research analysts expect that Crest Nicholson will post 9.0980939 EPS for the current year.

Crest Nicholson Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source