Deutsche Bank Aktiengesellschaft Cuts Crest Nicholson (LON:CRST) Price Target to GBX 65

Key Points

• Deutsche Bank cut Crest Nicholson’s price target to GBX 65 from GBX 79 while maintaining a “hold” rating, implying 11.58% potential upside from the current price.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “hold” rating and an average target price of GBX 102.86, despite some firms retaining bullish ratings.
• Crest Nicholson shares opened at GBX 58.26 and are down 0.6%, near their 52-week low of GBX 53. The company recently reported quarterly EPS of negative GBX 10.10 and negative net margins.

Crest Nicholson (LON:CRST - Get Free Report) had its price objective cut by Deutsche Bank Aktiengesellschaft from GBX 79 to GBX 65 in a research report issued on Tuesday, Digital Look reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 11.58% from the stock's current price.

A number of other analysts have also issued reports on CRST. Berenberg Bank lowered their price target on Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating for the company in a report on Friday, September 4th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 107 target price on shares of Crest Nicholson in a research report on Friday, September 4th. JPMorgan Chase & Co. lowered their target price on Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating for the company in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada downgraded Crest Nicholson to an "outperform" rating and set a GBX 95 price target on the stock. in a research report on Thursday, September 3rd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Crest Nicholson has a consensus rating of "Hold" and a consensus target price of GBX 102.86.

Crest Nicholson Trading Down 0.6%

Shares of CRST opened at GBX 58.26 on Tuesday. 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 moving average of GBX 65.47 and a 200 day moving average of GBX 83.61. The firm has a market capitalization of £149.58 million, a price-to-earnings ratio of 6.94, a PEG ratio of 0.51 and a beta of 1.32. 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 (LON:CRST - Get Free Report) last issued its 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%. On average, 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.

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