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

Key Points

• Jefferies reaffirmed its “buy” rating on Crest Nicholson and maintained a GBX 107 price target, implying approximately 82% upside from the prior close.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy and four rate it a Hold, resulting in a consensus “Hold” rating and average target price of GBX 104.86.
• Crest Nicholson shares opened at GBX 58.66, near the lower end of their 52-week range, after reporting a quarterly loss of GBX 10.10 per share and negative return on equity and net margin.

Crest Nicholson (LON:CRST - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Jefferies Financial Group in a report released on Friday, Digital Look reports. They presently have a GBX 107 price objective on the stock. Jefferies Financial Group's target price points to a potential upside of 82.42% from the stock's previous close.

Several other brokerages also recently weighed in on CRST. Berenberg Bank decreased their target price on Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating for the company in a research report on Friday. JPMorgan Chase & Co. dropped their target price on Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating on the stock in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada downgraded Crest Nicholson to an "outperform" rating and set a GBX 95 target price on the stock. in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 104.86.

Crest Nicholson Stock Performance

Shares of CRST stock opened at GBX 58.66 on Friday. 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 cap of £150.78 million, a PE ratio of 6.98, a P/E/G ratio of 0.51 and a beta of 1.32. The company's fifty day simple moving average is GBX 66.42 and its 200-day simple moving average is GBX 85.90. Crest Nicholson has a 52 week low of GBX 53 and a 52 week high of GBX 176.20.

Crest Nicholson (LON:CRST - Get Free Report) last announced 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%. As a group, equities research analysts anticipate 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.

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