Liberum Capital Reiterates “Buy” Rating for Crest Nicholson (CRST)
Liberum Capital reissued their buy rating on shares of Crest Nicholson (LON:CRST) in a research report sent to investors on Wednesday, Digital Look reports. The brokerage currently has a GBX 405 ($5.29) price target on the stock.
CRST has been the topic of several other research reports. Peel Hunt raised shares of Crest Nicholson to a hold rating and increased their price target for the stock from GBX 305 ($3.99) to GBX 360 ($4.70) in a research report on Tuesday, March 26th. JPMorgan Chase & Co. reduced their price target on shares of Crest Nicholson from GBX 440 ($5.75) to GBX 400 ($5.23) and set a neutral rating on the stock in a research report on Thursday, March 21st. UBS Group reissued a buy rating and set a GBX 470 ($6.14) price target (down previously from GBX 475 ($6.21)) on shares of Crest Nicholson in a research report on Tuesday, January 29th. Berenberg Bank reduced their price target on shares of Crest Nicholson from GBX 360 ($4.70) to GBX 320 ($4.18) and set a hold rating on the stock in a research report on Friday, February 8th. Finally, Barclays reissued an equal weight rating and set a GBX 359 ($4.69) price target (down previously 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 issued a buy rating to the company’s stock. Crest Nicholson currently has a consensus rating of Hold and an average target price of GBX 408.25 ($5.33).
Shares of CRST traded down GBX 2.20 ($0.03) during mid-day trading on Wednesday, hitting GBX 367.40 ($4.80). 155,341 shares of the company’s stock were exchanged, compared to its average volume of 1,510,000. The stock has a market capitalization of $949.07 million and a PE ratio of 6.63. Crest Nicholson has a fifty-two week low of GBX 275 ($3.59) and a fifty-two week high of GBX 496 ($6.48). The company has a debt-to-equity ratio of 19.37, a quick ratio of 0.71 and a current ratio of 3.80.
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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