Martyn Clark Acquires 255 Shares of Crest Nicholson (LON:CRST) Stock

Key Points

• Insider buying: Martyn Clark purchased 255 Crest Nicholson shares at GBX 59 each, worth £150.45. This follows purchases in July and August totaling roughly £300.
• Weak trading performance: Crest Nicholson shares fell to GBX 58, near their 12-month low of GBX 53, while the company reported quarterly EPS of negative GBX 10.10 and a negative net margin.
• Analyst outlook remains cautious: The stock has a consensus “Hold” rating and an average target price of GBX 102.86, despite individual broker ratings ranging from “Hold” to “Buy.”

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) insider Martyn Clark bought 255 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of GBX 59 per share, for a total transaction of £150.45.

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

• On Monday, August 10th, Martyn Clark acquired 231 shares of Crest Nicholson stock. The shares were purchased at an average cost of GBX 65 per share, for a total transaction of £150.15.
• On Friday, July 10th, Martyn Clark bought 228 shares of Crest Nicholson stock. The shares were bought at an average cost of GBX 66 per share, with a total value of £150.48.

Crest Nicholson Price Performance

CRST stock traded down GBX 0.80 during mid-day trading on Thursday, hitting GBX 58. 2,461,106 shares of the stock were exchanged, compared to its average volume of 4,791,642. The stock has a market capitalization of £148.92 million, a price-to-earnings ratio of 6.90, a PEG ratio of 0.51 and a beta of 1.32. Crest Nicholson Holdings plc has a 12 month low of GBX 53 and a 12 month high of GBX 176.20. The business has a fifty day moving average price of GBX 65.20 and a 200 day moving average price of GBX 82.88. 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 (LON:CRST - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. On average, sell-side analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRST. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Crest Nicholson from GBX 79 to GBX 65 and set a "hold" rating on the stock in a report on Tuesday. Berenberg Bank lowered their price target on shares of Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating for the company in a research report on Friday, September 4th. JPMorgan Chase & Co. dropped their price objective 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. Royal Bank Of Canada cut shares of Crest Nicholson to an "outperform" rating and set a GBX 95 price objective on the stock. in a report on Thursday, September 3rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 107 target price on shares of Crest Nicholson in a research note on Friday, September 4th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 102.86.

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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