Crest Nicholson (LON:CRST) PT Raised to GBX 370

Crest Nicholson (LON:CRST) had its price objective raised by stock analysts at Canaccord Genuity from GBX 365 ($4.77) to GBX 370 ($4.83) in a research note issued to investors on Wednesday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 2.66% from the stock’s previous close.

CRST has been the subject of a number of other research reports. Liberum Capital reissued a “buy” rating on shares of Crest Nicholson in a research note on Tuesday, March 26th. Peel Hunt raised shares of Crest Nicholson to a “hold” rating in a research note on Monday, May 6th. HSBC boosted their price objective on shares of Crest Nicholson from GBX 460 ($6.01) to GBX 510 ($6.66) and gave the stock a “buy” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. reduced their price objective on shares of Crest Nicholson from GBX 440 ($5.75) to GBX 400 ($5.23) and set a “neutral” rating for the company in a research note on Thursday, March 21st. Finally, UBS Group reissued a “buy” rating on shares of Crest Nicholson in a research note on Friday, June 7th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 399.17 ($5.22).

Crest Nicholson stock opened at GBX 360.40 ($4.71) on Wednesday. The company has a market cap of $929.55 million and a PE ratio of 6.51. Crest Nicholson has a fifty-two week low of GBX 275 ($3.59) and a fifty-two week high of GBX 450.60 ($5.89). The company has a quick ratio of 0.71, a current ratio of 3.80 and a debt-to-equity ratio of 19.37.

In other news, insider Octavia Morley purchased 5,600 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were acquired at an average cost of GBX 356 ($4.65) per share, with a total value of £19,936 ($26,049.92). Also, insider Kevin Maguire sold 10,000 shares of Crest Nicholson stock in a transaction on Friday, April 5th. The stock was sold at an average price of GBX 382 ($4.99), for a total transaction of £38,200 ($49,915.07).

About Crest Nicholson

Crest Nicholson Holdings plc builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

Read More: When can a hold rating present a buying opportunity?

Analyst Recommendations for Crest Nicholson (LON:CRST)

Receive News & Ratings for Crest Nicholson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crest Nicholson and related companies with MarketBeat.com's FREE daily email newsletter.