Crest Nicholson's (CRST) Hold Rating Reiterated at Stifel Nicolaus

Key Points

• Stifel Nicolaus reiterated a "hold" on Crest Nicholson with a GBX 125 price target, implying about a 19.05% upside from the current share price.
• Analyst views are mixed—Royal Bank of Canada and Jefferies are bullish while JPMorgan cut to neutral; the consensus rating is a "Moderate Buy" with an average target of GBX 183.33.
• The stock opened at GBX 105 (down ~4.5%), has a market cap of £269.48m and a high P/E of 116.67, and has seen notable insider activity with a recent purchase by Gillian Kent and a sale by Martyn Clark (insiders own 4.49%).

Crest Nicholson (LON:CRST - Get Free Report)'s stock had its "hold" rating reiterated by Stifel Nicolaus in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 125 price target on the stock. Stifel Nicolaus' price target would indicate a potential upside of 19.05% from the stock's current price.

Several other research analysts have also commented on CRST. Royal Bank Of Canada increased their price target on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the stock an "outperform" rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. lowered their target price on shares of Crest Nicholson from GBX 190 to GBX 160 and set a "neutral" rating on the stock in a research report on Thursday, December 4th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 230 target price on shares of Crest Nicholson in a report on Thursday, February 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 183.33.

Crest Nicholson Trading Down 4.5%

Shares of LON CRST opened at GBX 105 on Thursday. The business has a 50 day simple moving average of GBX 140.76 and a 200 day simple moving average of GBX 147.46. Crest Nicholson has a 52 week low of GBX 96.95 and a 52 week high of GBX 198.50. The stock has a market cap of £269.48 million, a price-to-earnings ratio of 116.67, a PEG ratio of 0.51 and a beta of 1.42. The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.72 and a current ratio of 2.63.

Crest Nicholson (LON:CRST - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The company reported GBX 7.80 earnings per share for the quarter. Crest Nicholson had a net margin of 0.36% and a return on equity of 0.30%. On average, research analysts predict that Crest Nicholson will post 9.0980939 earnings per share for the current fiscal year.

Insider Buying and Selling at Crest Nicholson

In other news, insider Gillian Kent bought 9,538 shares of the business's stock in a transaction on Monday, March 23rd. The stock was purchased at an average price of GBX 104 per share, with a total value of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total transaction of £69,576.27. Over the last ninety days, insiders have purchased 10,250 shares of company stock valued at $1,091,836. 4.49% of the stock is owned by insiders.

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.

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