Crest Nicholson (LON:CRST)‘s stock had its “hold” rating reiterated by equities researchers at Canaccord Genuity in a note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 365 ($4.77) target price on the stock. Canaccord Genuity’s price target points to a potential downside of 1.24% from the stock’s previous close.
Several other equities research analysts have also issued reports on the company. Berenberg Bank reduced their price target on Crest Nicholson from GBX 440 ($5.75) to GBX 360 ($4.70) and set a “hold” rating for the company in a report on Monday, January 28th. Liberum Capital reduced their price target on Crest Nicholson from GBX 400 ($5.23) to GBX 390 ($5.10) and set a “buy” rating for the company in a research report on Tuesday, January 29th. Peel Hunt reissued a “reduce” rating on shares of Crest Nicholson in a research report on Tuesday, January 29th. UBS Group reissued a “buy” rating and set a GBX 470 ($6.14) price target (down from GBX 475 ($6.21)) on shares of Crest Nicholson in a research report on Tuesday, January 29th. Finally, Barclays reissued an “equal weight” rating and set a GBX 359 ($4.69) price target (down from GBX 366 ($4.78)) on shares of Crest Nicholson in a research report on Wednesday, January 30th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 408.25 ($5.33).
CRST traded up GBX 3.60 ($0.05) during trading hours on Wednesday, hitting GBX 369.60 ($4.83). 335,558 shares of the stock were exchanged, compared to its average volume of 1,510,000. Crest Nicholson has a 12 month low of GBX 275 ($3.59) and a 12 month high of GBX 496 ($6.48). The stock has a market capitalization of $949.07 million and a PE ratio of 6.67. The company has a debt-to-equity ratio of 19.37, a current ratio of 3.80 and a quick ratio of 0.71.
In other news, insider Kevin Maguire sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of GBX 382 ($4.99), for a total value 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.
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