Crest Nicholson (LON:CRST) Insider Martyn Clark Buys 254 Shares of Stock

Key Points

• Insider buying: Martyn Clark purchased 254 Crest Nicholson shares at GBX 59 each, worth £149.86, following similar purchases in August and September.
• Stock performance: Crest Nicholson shares rose 1.9% to GBX 60, but remain near the lower end of their 52-week range of GBX 53 to GBX 176.20.
• Analyst outlook: Analysts have generally trimmed price targets, resulting in a consensus “Hold” rating and an average target of GBX 99.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) insider Martyn Clark acquired 254 shares of the company's stock in a transaction on Monday, October 12th. The stock was acquired at an average cost of GBX 59 per share, for a total transaction of £149.86.

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

• On Thursday, September 10th, Martyn Clark bought 255 shares of Crest Nicholson stock. The shares were acquired at an average cost of GBX 59 per share, with a total value of £150.45.
• On Monday, August 10th, Martyn Clark bought 231 shares of Crest Nicholson stock. The stock was acquired at an average price of GBX 65 per share, for a total transaction of £150.15.

Crest Nicholson Stock Up 1.9%

LON CRST traded up GBX 1.10 during trading hours on Monday, hitting GBX 60. The company's stock had a trading volume of 1,181,715 shares, compared to its average volume of 4,494,430. The company has a market capitalization of £154.06 million, a PE ratio of 7.14, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 35.57. Crest Nicholson Holdings plc has a 52 week low of GBX 53 and a 52 week high of GBX 176.20. The company's 50-day simple moving average is GBX 62.16 and its two-hundred day simple moving average is GBX 71.55.

Crest Nicholson (LON:CRST - Get Free Report) last issued 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 anticipate that Crest Nicholson Holdings plc will post 9.10 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on CRST shares. JPMorgan Chase & Co. decreased their price objective 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. Berenberg Bank dropped their target price on shares of Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating on the stock in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of 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 lowered shares of Crest Nicholson to an "outperform" rating and set a GBX 95 price target for the company. in a research note on Thursday, September 3rd. Finally, Jefferies Financial Group dropped their price objective 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. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of GBX 99.

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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