Crest Nicholson (LON:CRST) Stock Price Target Lowered at Jefferies Financial Group

Key Points

• Jefferies lowered Crest Nicholson’s price target from GBX 107 to GBX 80 but retained a “buy” rating, implying 21.18% potential upside from the current price.
• Analyst sentiment is mixed: three analysts rate the stock a buy and four rate it a hold, resulting in a consensus “Hold” rating and an average price target of GBX 99.
• Crest Nicholson opened at GBX 66.02, near the lower end of its 12-month range of GBX 53 to GBX 176.20. The company recently reported a quarterly loss of GBX 10.10 per share, alongside negative net margin and return on equity.

Crest Nicholson (LON:CRST - Get Free Report) had its price target lowered by Jefferies Financial Group from GBX 107 to GBX 80 in a note issued to investors on Monday, London Stock Exchange reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price objective suggests a potential upside of 21.18% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada cut shares of Crest Nicholson to an "outperform" rating and set a GBX 95 price objective for the company. in a report on Thursday, September 3rd. Berenberg Bank reduced their price target on Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating for the company in a research report on Friday, September 4th. JPMorgan Chase & Co. decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Crest Nicholson from GBX 79 to GBX 65 and set a "hold" rating on the stock in a research note on Tuesday, September 8th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Crest Nicholson currently has an average rating of "Hold" and a consensus price target of GBX 99.

Crest Nicholson Price Performance

LON CRST opened at GBX 66.02 on Monday. The company has a quick ratio of 0.71, a current ratio of 2.24 and a debt-to-equity ratio of 35.57. The stock has a market capitalization of £169.51 million, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32. Crest Nicholson has a 12-month low of GBX 53 and a 12-month high of GBX 176.20. The company has a 50 day moving average price of GBX 62.53 and a two-hundred day moving average price of GBX 75.37.

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

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