Crest Nicholson (LON:CRST) Trading Up 11.4% – Here’s Why

Crest Nicholson Holdings plc (LON:CRST)’s share price traded up 11.4% on Wednesday . The stock traded as high as GBX 171.40 and last traded at GBX 167.80. 1,085,650 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 2,346,765 shares. The stock had previously closed at GBX 150.60.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRST. JPMorgan Chase & Co. lowered their price target on Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Berenberg Bank decreased their price target on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a research report on Tuesday, November 18th. Royal Bank Of Canada lifted their price objective on Crest Nicholson from GBX 205 to GBX 215 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Jefferies Financial Group restated a “buy” rating and issued a GBX 230 target price on shares of Crest Nicholson in a research note on Thursday, February 5th. Finally, Peel Hunt reiterated an “add” rating and set a GBX 190 target price on shares of Crest Nicholson in a research report on Tuesday, November 18th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Crest Nicholson currently has an average rating of “Moderate Buy” and a consensus target price of GBX 195.

Crest Nicholson Stock Up 11.4%

The firm has a market capitalization of £430.65 million, a price-to-earnings ratio of 186.44, a P/E/G ratio of 0.51 and a beta of 2.00. The business’s 50-day moving average is GBX 140.72 and its two-hundred day moving average is GBX 154.69. The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27.

Crest Nicholson (LON:CRST) last posted its earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. On average, equities analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

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.