Royal Bank Of Canada Reiterates Outperform Rating for Crest Nicholson (LON:CRST)

Crest Nicholson (LON:CRST)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank Of Canada in a research note issued to investors on Friday,Digital Look reports. They currently have a GBX 95 price target on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 44.33% from the stock’s previous close.

Several other analysts have also issued reports on CRST. Deutsche Bank Aktiengesellschaft lowered Crest Nicholson to a “hold” rating and dropped their price objective for the company from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Stifel Nicolaus reiterated a “hold” rating and set a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday, April 21st. JPMorgan Chase & Co. decreased their target price on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a report on Tuesday, June 16th. Berenberg Bank dropped their price target on Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 112 price target on shares of Crest Nicholson in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 109.57.

Crest Nicholson Stock Performance

LON CRST opened at GBX 65.82 on Friday. The firm has a market capitalization of £168.99 million, a P/E ratio of 73.13, a price-to-earnings-growth ratio of 0.51 and a beta of 1.33. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 34.67. The firm’s fifty day moving average price is GBX 70.35 and its two-hundred day moving average price is GBX 105.46. Crest Nicholson has a 1 year low of GBX 59.60 and a 1 year high of GBX 192.10.

Crest Nicholson (LON:CRST) last announced its quarterly earnings data on Thursday, July 16th. The company reported GBX (10.10) EPS for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. As a group, research analysts anticipate that Crest Nicholson will post 9.0980939 EPS for the current year.

About Crest Nicholson

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.