Jefferies Financial Group Reiterates “Buy” Rating for Crest Nicholson (LON:CRST)

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 230 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 69.12% from the company’s previous close.

Other analysts have also issued reports about the stock. Peel Hunt reissued an “add” rating and issued a GBX 190 price target on shares of Crest Nicholson in a research report on Tuesday, November 18th. Berenberg Bank cut their target price on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating for the company in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 190.

Crest Nicholson Stock Down 1.4%

LON CRST traded down GBX 2 during trading on Monday, reaching GBX 136. 311,437 shares of the company’s stock were exchanged, compared to its average volume of 1,357,162. Crest Nicholson has a fifty-two week low of GBX 125.71 and a fifty-two week high of GBX 198.50. The firm has a market capitalization of £348.65 million, a PE ratio of -4.74, a P/E/G ratio of 0.51 and a beta of 2.00. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The company’s fifty day simple moving average is GBX 140.42 and its 200-day simple moving average is GBX 159.45.

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.