Crest Nicholson (LON:CRST) Insider William Floydd Acquires 231 Shares

Key Points

• Insider buying: William Floydd acquired 231 Crest Nicholson shares at GBX 65 each, worth £150.15, following similar monthly purchases in June and July.
• Weak financial performance: The stock recently traded at GBX 63.60, near its 52-week low, while the company reported quarterly EPS of negative GBX 10.10, a negative net margin, and negative return on equity.
• Analyst view: Ratings are mixed, with three Buy and four Hold recommendations; the consensus rating is Hold, with an average target price of GBX 109.57.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) insider William Floydd acquired 231 shares of Crest Nicholson stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average cost of GBX 65 per share, with a total value of £150.15.

William Floydd also recently made the following trade(s):

• On Friday, July 10th, William Floydd purchased 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, William Floydd purchased 221 shares of Crest Nicholson stock. The shares were purchased at an average cost of GBX 68 per share, with a total value of £150.28.

Crest Nicholson Price Performance

Shares of Crest Nicholson stock traded down GBX 1.80 on Monday, hitting GBX 63.60. The company's stock had a trading volume of 1,598,267 shares, compared to its average volume of 5,031,920. The company has a market capitalization of £163.49 million, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 0.51 and a beta of 1.33. Crest Nicholson Holdings plc has a 52-week low of GBX 59.60 and a 52-week high of GBX 187.70. The firm has a fifty day moving average price of GBX 68.20 and a 200-day moving average price of GBX 97.12. The company has a quick ratio of 0.71, a current ratio of 2.24 and a debt-to-equity ratio of 35.57.

Crest Nicholson (LON:CRST - Get Free Report) last posted its earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. On average, equities research analysts expect that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Berenberg Bank reduced their price objective on Crest Nicholson from GBX 160 to GBX 86 and set a "hold" rating on the stock in a research report on Wednesday, April 22nd. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 95 target price on shares of Crest Nicholson in a research note on Friday, July 17th. Jefferies Financial Group restated a "buy" rating and issued a GBX 112 target price on shares of Crest Nicholson in a report on Tuesday, May 5th. Stifel Nicolaus reaffirmed a "hold" rating and set a GBX 125 price target on shares of Crest Nicholson in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lowered their price target on shares of Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating for the company in a report 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. According to data from MarketBeat.com, Crest Nicholson has an average rating of "Hold" and an average target price of GBX 109.57.

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.

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