Deutsche Bank AG Reiterates Hold Rating for Crest Nicholson Holdings PLC (CRST)
Crest Nicholson Holdings PLC (LON:CRST)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a report released on Friday. They currently have a GBX 649 ($8.39) price target on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 18.86% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Beaufort Securities reissued a “buy” rating on shares of Crest Nicholson Holdings PLC in a research note on Wednesday, May 17th. Canaccord Genuity lowered their price objective on shares of Crest Nicholson Holdings PLC from GBX 650 ($8.41) to GBX 640 ($8.28) and set a “buy” rating on the stock in a research note on Wednesday, June 14th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Crest Nicholson Holdings PLC in a research note on Wednesday, June 14th. Peel Hunt cut shares of Crest Nicholson Holdings PLC to an “add” rating and lowered their price objective for the company from GBX 740 ($9.57) to GBX 720 ($9.31) in a research note on Tuesday, June 13th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 628 ($8.12) price objective on shares of Crest Nicholson Holdings PLC in a research note on Tuesday, June 20th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 653.70 ($8.45).
Crest Nicholson Holdings PLC (LON CRST) opened at 546.00 on Friday. Crest Nicholson Holdings PLC has a one year low of GBX 392.38 and a one year high of GBX 648.50. The company’s market capitalization is GBX 1.39 billion. The firm’s 50-day moving average price is GBX 530.76 and its 200 day moving average price is GBX 558.89.
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In other Crest Nicholson Holdings PLC news, insider Chris Tinker sold 52,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of GBX 510 ($6.60), for a total transaction of £265,200 ($342,990.17).
About Crest Nicholson Holdings PLC
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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