Crest Nicholson (LON:CRST) Shares Up 8.6% – Should You Buy?

Crest Nicholson Holdings plc (LON:CRST)’s share price was up 8.6% during trading on Wednesday . The company traded as high as GBX 75.90 and last traded at GBX 72.77. Approximately 10,387,610 shares traded hands during trading, an increase of 91% from the average session volume of 5,425,063 shares. The stock had previously closed at GBX 67.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CRST. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 112 price target on shares of Crest Nicholson in a research note on Tuesday, May 5th. Berenberg Bank reduced their target price on Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating for the company in a report on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research report on Tuesday, April 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 95 price objective on shares of Crest Nicholson in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut Crest Nicholson to a “hold” rating and reduced their price objective for the company from GBX 228 to GBX 79 in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Crest Nicholson presently has an average rating of “Hold” and a consensus target price of GBX 109.57.

Crest Nicholson Stock Down 2.2%

The company has a quick ratio of 0.71, a current ratio of 2.63 and a debt-to-equity ratio of 24.15. The stock has a market capitalization of £175.00 million, a P/E ratio of 75.74, a PEG ratio of 0.51 and a beta of 1.33. The company has a fifty day moving average price of GBX 70.49 and a 200-day moving average price of GBX 105.74.

Crest Nicholson (LON:CRST) last announced its quarterly earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share for the quarter. Crest Nicholson had a return on equity of 0.30% and a net margin of 0.36%. As a group, research analysts forecast that Crest Nicholson Holdings plc 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.