Jefferies Financial Group Reaffirms Buy Rating for Crest Nicholson (LON:CRST)

Key Points

• Jefferies reaffirmed a Buy on Crest Nicholson with a GBX 112 price target, implying roughly a 68.17% upside from the stock's current level.
• Broader analyst sentiment is more cautious—three Buys and four Holds produce a MarketBeat consensus of Hold with a GBX 121 consensus target, while the stock trades around GBX 66.60 (down 2.1%) and has a 52‑week range of GBX 59.60–198.50.

Crest Nicholson (LON:CRST - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They currently have a GBX 112 price objective on the stock. Jefferies Financial Group's target price would suggest a potential upside of 68.17% from the company's current price.

A number of other brokerages also recently issued reports on CRST. Royal Bank Of Canada downgraded Crest Nicholson to an "outperform" rating and cut their target price for the stock from GBX 155 to GBX 95 in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft downgraded Crest Nicholson to a "hold" rating and cut their target price for the stock from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Berenberg Bank cut their target price on 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, Stifel Nicolaus reaffirmed a "hold" rating and issued a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of GBX 121.

Crest Nicholson Stock Down 2.1%

Shares of CRST opened at GBX 66.60 on Tuesday. Crest Nicholson has a 52-week low of GBX 59.60 and a 52-week high of GBX 198.50. The company has a market capitalization of £170.98 million, a PE ratio of 74.00, a price-to-earnings-growth ratio of 0.51 and a beta of 1.58. The stock has a fifty day simple moving average of GBX 110.67 and a two-hundred day simple moving average of GBX 135.25. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15.

Insider Buying and Selling at Crest Nicholson

In other news, insider Martyn Clark sold 46,077 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of GBX 151, for a total value of £69,576.27. Also, insider Gillian Kent purchased 9,538 shares of the firm's stock in a transaction dated Monday, March 23rd. The stock was acquired at an average cost of GBX 104 per share, for a total transaction of £9,919.52. In the last ninety days, insiders bought 10,312 shares of company stock worth $1,091,598. Corporate insiders own 4.49% of the company's stock.

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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