Jefferies Financial Group Reaffirms Buy Rating for Crest Nicholson (LON:CRST)

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a report issued on Thursday, Marketbeat Ratings reports. They currently have a GBX 230 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 42.82% from the stock’s previous close.

A number of other brokerages also recently issued reports on CRST. Royal Bank Of Canada lifted their price objective on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the stock an “outperform” rating in a research report on Monday. Peel Hunt reiterated an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a research report on Tuesday, November 18th. JPMorgan Chase & Co. decreased their target price on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Finally, Berenberg Bank reduced their price objective on Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating for the company in a research note on Tuesday, November 18th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 195.

Crest Nicholson Trading Up 3.0%

CRST traded up GBX 4.74 during trading on Thursday, hitting GBX 161.04. 735,741 shares of the stock were exchanged, compared to its average volume of 2,179,448. The firm has a market cap of £413.30 million, a price-to-earnings ratio of 178.93, a P/E/G ratio of 0.51 and a beta of 2.00. The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27. Crest Nicholson has a 1 year low of GBX 125.71 and a 1 year high of GBX 198.50. The firm has a 50 day simple moving average of GBX 138.88 and a 200 day simple moving average of GBX 155.72.

Crest Nicholson (LON:CRST) last issued its earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. As a group, equities analysts expect 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.