Crest Nicholson (LON:CRST) Stock Rating Lowered by Royal Bank Of Canada

Key Points

• Royal Bank of Canada downgraded Crest Nicholson to “outperform” while setting a GBX 95 price target, implying 63.34% upside from the current share price.
• Analyst sentiment remains mixed: Crest Nicholson has an overall “Hold” consensus rating and an average target price of GBX 104.86, with recent targets ranging from GBX 58 to GBX 107.
• The shares rose 3.5% to open at GBX 58.16, but the company recently reported a quarterly loss of GBX 10.10 per share and negative net margin and return on equity.

Crest Nicholson (LON:CRST - Get Free Report) was downgraded by stock analysts at Royal Bank Of Canada to an "outperform" rating in a research note issued to investors on Thursday, London Stock Exchange reports. They currently have a GBX 95 price objective on the stock. Royal Bank Of Canada's target price points to a potential upside of 63.34% from the company's current price.

Several other research firms have also recently weighed in on CRST. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 107 target price on shares of Crest Nicholson in a research note on Wednesday, August 12th. Berenberg Bank decreased their price target on shares of Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating for the company in a report on Tuesday, June 16th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 104.86.

Crest Nicholson Trading Up 3.5%

Shares of CRST opened at GBX 58.16 on Thursday. The company has a debt-to-equity ratio of 35.57, a current ratio of 2.24 and a quick ratio of 0.71. Crest Nicholson has a 1 year low of GBX 53 and a 1 year high of GBX 176.20. The company has a 50 day simple moving average of GBX 66.42 and a two-hundred day simple moving average of GBX 85.90. The firm has a market cap of £149.50 million, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32.

Crest Nicholson (LON:CRST - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. On average, equities analysts expect 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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