Crest Nicholson (LON:CRST) Shares Up 11.4% – Here’s Why

Crest Nicholson Holdings plc (LON:CRST)’s share price traded up 11.4% on Wednesday . The company traded as high as GBX 171.40 and last traded at GBX 167.80. 1,085,650 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 2,346,765 shares. The stock had previously closed at GBX 150.60.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CRST. Peel Hunt restated an “add” rating and issued a GBX 190 price objective on shares of Crest Nicholson in a report on Tuesday, November 18th. Jefferies Financial Group reissued a “buy” rating and set a GBX 230 target price on shares of Crest Nicholson in a research report on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating on the stock in a report on Thursday, December 4th. Royal Bank Of Canada lifted their price target on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Finally, Berenberg Bank dropped their price objective 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 195.

Crest Nicholson Stock Up 11.4%

The stock has a market capitalization of £430.65 million, a price-to-earnings ratio of 186.44, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The firm has a 50-day moving average of GBX 140.72 and a 200 day moving average of GBX 154.69. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94.

Crest Nicholson (LON:CRST) last posted its earnings results on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. On average, sell-side analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 earnings per share 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.