Crest Nicholson (CRST) Price Target Lowered to GBX 593 at Deutsche Bank
Crest Nicholson (LON:CRST) had its price target reduced by analysts at Deutsche Bank from GBX 649 ($8.69) to GBX 593 ($7.94) in a report issued on Thursday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 17.19% from the stock’s current price.
Several other equities research analysts also recently issued reports on CRST. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 590 ($7.90) target price on shares of Crest Nicholson in a research note on Friday, September 29th. Peel Hunt cut their target price on shares of Crest Nicholson from GBX 720 ($9.64) to GBX 680 ($9.11) and set a “buy” rating for the company in a research note on Wednesday, November 15th. Barclays reiterated an “overweight” rating and issued a GBX 691 ($9.25) target price on shares of Crest Nicholson in a research note on Monday, September 25th. Finally, Shore Capital reiterated a “hold” rating on shares of Crest Nicholson in a research note on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 659.88 ($8.84).
Shares of Crest Nicholson (LON CRST) traded down GBX 6.50 ($0.09) during trading hours on Thursday, reaching GBX 506 ($6.78). 881,271 shares of the company traded hands, compared to its average volume of 1,080,000. Crest Nicholson has a twelve month low of GBX 434.20 ($5.81) and a twelve month high of GBX 648.50 ($8.68).
Crest Nicholson Holdings plc is a United Kingdom-based residential developer operating in the Southern half of England. The Company’s product range varies from homes for first time buyers to large family homes, and includes a mixture of houses, apartments and supporting commercial premises as part of its developments.
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