Crest Nicholson (CRST) PT Lowered to GBX 675 at Peel Hunt

Crest Nicholson (LON:CRST) had its price objective reduced by research analysts at Peel Hunt from GBX 680 ($9.22) to GBX 675 ($9.15) in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target would indicate a potential upside of 32.61% from the stock’s previous close.

Several other brokerages have also recently issued reports on CRST. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 590 ($8.00) price objective on shares of Crest Nicholson in a research note on Friday, September 29th. Deutsche Bank restated a “hold” rating and issued a GBX 593 ($8.04) price objective on shares of Crest Nicholson in a research note on Monday, December 18th. Beaufort Securities restated a “buy” rating and issued a GBX 580 ($7.87) price objective on shares of Crest Nicholson in a research note on Monday, January 22nd. Shore Capital restated a “hold” rating on shares of Crest Nicholson in a research note on Wednesday, November 15th. Finally, Jefferies Group restated a “buy” rating on shares of Crest Nicholson in a research note on Monday, December 18th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 631.22 ($8.56).

Shares of Crest Nicholson (CRST) traded down GBX 6 ($0.08) during trading hours on Wednesday, hitting GBX 509 ($6.90). The stock had a trading volume of 2,820,390 shares, compared to its average volume of 631,218. Crest Nicholson has a 1 year low of GBX 469.15 ($6.36) and a 1 year high of GBX 648.50 ($8.79). The stock has a market capitalization of $1,300.00 and a PE ratio of 783.08.

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Crest Nicholson Company Profile

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.

Analyst Recommendations for Crest Nicholson (LON:CRST)

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