Crest Nicholson Holdings plc (LON:CRST) Stock Has Average Price Target of GBX 99 According to Brokerages

Key Points

• Analysts hold a cautious view: Crest Nicholson has a consensus “Hold” rating from seven brokerages, with four holds and three buys. The average 12-month price target is GBX 99, above the stock’s GBX 59.65 opening price.
• Price targets have been cut broadly: Jefferies, Deutsche Bank, Berenberg, and JPMorgan all reduced their targets, while current broker targets range from GBX 58 to GBX 95.
• Recent financial performance remains weak: Crest Nicholson reported quarterly EPS of negative GBX 10.10, alongside a negative 4.32% return on equity and a negative 5.44% net margin. Shares have traded between GBX 53 and GBX 176.20 over the past year.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) has earned a consensus rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 99.

A number of research analysts have weighed in on CRST shares. Jefferies Financial Group reduced their price target on Crest Nicholson from GBX 107 to GBX 80 and set a "buy" rating on the stock in a research note on Monday, September 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on Crest Nicholson from GBX 79 to GBX 65 and set a "hold" rating for the company in a research report on Tuesday, September 8th. Royal Bank Of Canada downgraded Crest Nicholson to an "outperform" rating and set a GBX 95 price objective for the company. in a research report on Thursday, September 3rd. Berenberg Bank dropped their target price on Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating for the company in a research note on Friday, September 4th. Finally, JPMorgan Chase & Co. reduced their target price on Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating on the stock in a research report on Tuesday, June 16th.

Crest Nicholson Stock Performance

Shares of CRST opened at GBX 59.65 on Monday. Crest Nicholson has a 1 year low of GBX 53 and a 1 year high of GBX 176.20. The company's 50 day simple moving average is GBX 62.16 and its 200 day simple moving average is GBX 71.55. The company has a market capitalization of £153.15 million, a price-to-earnings ratio of 7.10, a PEG ratio of 0.51 and a beta of 1.32. The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.71 and a current ratio of 2.24.

Crest Nicholson (LON:CRST - Get Free Report) last released 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, sell-side analysts predict that Crest Nicholson will post 9.10 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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