Berenberg Bank Reiterates "Hold" Rating for Crest Nicholson (LON:CRST)

Key Points

• Berenberg Bank has reaffirmed a "hold" rating for Crest Nicholson with a price target of GBX 195, indicating a potential upside of 30.78% from the stock's previous close.
• Crest Nicholson's stock recently traded at GBX 149.10 and has a market capitalization of £382.21 million, with a twelve-month low of GBX 140.10 and a high of GBX 200.20.
• The company reported a negative net margin of 4.21% and a negative return on equity of 3.47% for the recent quarter.

Crest Nicholson (LON:CRST - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Berenberg Bank in a report issued on Monday, Marketbeat reports. They presently have a GBX 195 price target on the stock. Berenberg Bank's price objective indicates a potential upside of 27.52% from the stock's current price.

Crest Nicholson Price Performance

Shares of LON:CRST traded up GBX 0.12 on Monday, reaching GBX 152.92. 690,855 shares of the company traded hands, compared to its average volume of 1,540,716. Crest Nicholson has a fifty-two week low of GBX 140.10 and a fifty-two week high of GBX 200.20. The company's 50 day moving average is GBX 174.05 and its 200-day moving average is GBX 173.15. The stock has a market capitalization of £392.00 million, a PE ratio of -532.81, a P/E/G ratio of 0.51 and a beta of 2.00. The company has a debt-to-equity ratio of 12.94, a current ratio of 3.27 and a quick ratio of 0.72.

Crest Nicholson (LON:CRST - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The company reported GBX 2.20 EPS for the quarter. Crest Nicholson had a negative return on equity of 3.47% and a negative net margin of 4.21%. As a group, analysts anticipate that Crest Nicholson will post 9.0980939 earnings per share for the current fiscal 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.