William Floydd Acquires 255 Shares of Crest Nicholson (LON:CRST) Stock

Key Points

• Insider buying: William Floydd acquired 255 Crest Nicholson shares at GBX 59 each, worth £150.45, following similar purchases in July and August.
• Weak trading performance: Crest Nicholson shares fell to GBX 58, near their one-year low of GBX 53, while the company reported quarterly EPS of negative GBX 10.10 and negative net margins.
• Analyst outlook remains cautious: Ratings range from Buy to Hold, with an overall consensus rating of “Hold” and an average price target of GBX 102.86.

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) insider William Floydd acquired 255 shares of Crest Nicholson stock in a transaction dated Thursday, September 10th. The shares were acquired at an average price of GBX 59 per share, with a total value of £150.45.

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

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

Crest Nicholson Price Performance

LON CRST traded down GBX 0.80 during trading on Thursday, reaching GBX 58. 2,461,106 shares of the company traded hands, compared to its average volume of 4,791,642. Crest Nicholson Holdings plc has a 1-year low of GBX 53 and a 1-year high of GBX 176.20. The company has a market cap of £148.92 million, a price-to-earnings ratio of 6.90, a P/E/G ratio of 0.51 and a beta of 1.32. The stock's 50 day moving average price is GBX 65.20 and its two-hundred day moving average price is GBX 82.88. The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.71 and a current ratio of 2.24.

Crest Nicholson (LON:CRST - Get Free Report) last released 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 return on equity of 4.32% and a negative net margin of 5.44%. As a group, analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CRST shares. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 107 price target on shares of Crest Nicholson in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Royal Bank Of Canada lowered shares of Crest Nicholson to an "outperform" rating and set a GBX 95 target price on the stock. in a report on Thursday, September 3rd. JPMorgan Chase & Co. dropped their target price on shares of Crest Nicholson from GBX 160 to GBX 80 and set a "neutral" rating for the company in a research report on Tuesday, June 16th. Finally, Berenberg Bank cut their price target on shares of Crest Nicholson from GBX 70 to GBX 58 and set a "hold" rating for the company in a report on Friday, September 4th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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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