Crest Nicholson (LON:CRST) Insider Buys £150.15 in Stock

Key Points

• Insider buying: Martyn Clark purchased 231 Crest Nicholson shares at GBX 65 each, worth £150.15. This follows similar £150 purchases in June and July.
• Share performance and financial results: Crest Nicholson shares fell 2.8% to GBX 63.60, near the lower end of their 52-week range. The company reported quarterly EPS of negative GBX 10.10, alongside a negative net margin and return on equity.
• Analyst outlook: Analysts maintain a consensus “Hold” rating, with an average price target of GBX 109.57, despite ratings ranging from Buy to Hold and recent target-price reductions.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) insider Martyn Clark acquired 231 shares of the business's stock in a transaction on Monday, August 10th. The shares were bought at an average price of GBX 65 per share, for a total transaction of £150.15.

Martyn Clark also recently made the following trade(s):

• On Friday, July 10th, Martyn Clark bought 228 shares of Crest Nicholson stock. The stock was purchased at an average price of GBX 66 per share, with a total value of £150.48.
• On Wednesday, June 10th, Martyn Clark bought 221 shares of Crest Nicholson stock. The stock was purchased at an average cost of GBX 68 per share, for a total transaction of £150.28.

Crest Nicholson Trading Down 2.8%

LON CRST traded down GBX 1.80 on Monday, hitting GBX 63.60. 1,598,267 shares of the stock were exchanged, compared to its average volume of 5,031,920. The company has a market capitalization of £163.49 million, a price-to-earnings ratio of 7.57, a P/E/G ratio of 0.51 and a beta of 1.33. The company's 50-day moving average price is GBX 68.20 and its two-hundred day moving average price is GBX 97.12. 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 Holdings plc has a 52-week low of GBX 59.60 and a 52-week high of GBX 187.70.

Crest Nicholson (LON:CRST - Get Free Report) last announced its quarterly earnings data 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%. Research analysts predict that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on CRST shares. Stifel Nicolaus reissued a "hold" rating and issued a GBX 125 price target on shares of Crest Nicholson in a report on Tuesday, April 21st. Jefferies Financial Group reiterated a "buy" rating and set a GBX 112 target price on shares of Crest Nicholson in a research report on Tuesday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating and issued a GBX 95 price objective on shares of Crest Nicholson in a research report on Friday, July 17th. Berenberg Bank lowered their price target on shares of Crest Nicholson from GBX 160 to GBX 86 and set a "hold" rating for the company in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating on the stock in a research note on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Crest Nicholson has a consensus rating of "Hold" and an average target price of GBX 109.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source