Crest Nicholson (LON:CRST) Receives "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group reaffirmed a “Buy” rating on Crest Nicholson and set a GBX 107 price target, implying 57.58% potential upside from the GBX 67.90 opening price.
• Analyst sentiment remains mixed: three analysts rate the stock “Buy” and four rate it “Hold,” producing an overall consensus rating of “Hold” and an average price target of GBX 108.86.
• Crest Nicholson recently reported a quarterly loss of GBX 10.10 per share, alongside negative return on equity of 4.32% and a negative net margin of 5.44%.

Crest Nicholson (LON:CRST - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Jefferies Financial Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 107 target price on the stock. Jefferies Financial Group's price target points to a potential upside of 57.58% from the company's current price.

CRST has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft cut Crest Nicholson to a "hold" rating and dropped their price objective for the stock from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating on the stock in a report on Tuesday, June 16th. Stifel Nicolaus reaffirmed a "hold" rating and set a GBX 125 price target on shares of Crest Nicholson in a research report on Tuesday, April 21st. Berenberg Bank cut their price target on shares of Crest Nicholson from GBX 160 to GBX 86 and set a "hold" rating for the company in a research note on Wednesday, April 22nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 95 price objective on shares of Crest Nicholson in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 108.86.

Crest Nicholson Price Performance

Shares of LON CRST opened at GBX 67.90 on Wednesday. The company has a debt-to-equity ratio of 35.57, a current ratio of 2.24 and a quick ratio of 0.71. The business has a 50-day moving average of GBX 68.13 and a 200-day moving average of GBX 96.15. The stock has a market capitalization of £174.54 million, a price-to-earnings ratio of 8.08, a PEG ratio of 0.51 and a beta of 1.33. Crest Nicholson has a fifty-two week low of GBX 59.60 and a fifty-two week high of GBX 182.90.

Crest Nicholson (LON:CRST - Get Free Report) last released its earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Crest Nicholson had a negative return on equity of 4.32% and a negative net margin of 5.44%. As a group, sell-side analysts predict 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.

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