Crest Nicholson (LON:CRST) Price Target Cut to GBX 65 by Analysts at Deutsche Bank Aktiengesellschaft

Crest Nicholson (LON:CRST) had its price objective reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 79 to GBX 65 in a research report issued to clients and investors on Tuesday, Digital Look reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 11.58% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut shares of Crest Nicholson to an “outperform” rating and set a GBX 95 target price for the company. in a research report on Thursday, September 3rd. Berenberg Bank reduced their price target on Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating on the stock in a research report on Friday, September 4th. JPMorgan Chase & Co. lowered their price objective on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating for the company in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 107 target price on shares of Crest Nicholson in a research note on Friday, September 4th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 102.86.

Crest Nicholson Stock Performance

Shares of Crest Nicholson stock opened at GBX 58.26 on Tuesday. The company has a market capitalization of £149.58 million, a PE ratio of 6.94, a P/E/G ratio of 0.51 and a beta of 1.32. The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.71 and a current ratio of 2.24. The company has a 50-day simple moving average of GBX 65.47 and a two-hundred day simple moving average of GBX 83.61. Crest Nicholson has a one year low of GBX 53 and a one year high of GBX 176.20.

Crest Nicholson (LON:CRST) last released its quarterly earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. Research analysts expect that Crest Nicholson will post 9.0980939 EPS for the current fiscal year.

Crest Nicholson Company Profile

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.