Crest Nicholson (LON:CRST) Receives “Buy” Rating from Jefferies Financial Group

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 164 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 146.62% from the stock’s current price.

Several other analysts have also recently commented on the company. Stifel Nicolaus restated a “hold” rating and issued a GBX 125 price target on shares of Crest Nicholson in a report on Thursday, March 26th. Royal Bank Of Canada lifted their price target on Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a report on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 172.33.

Crest Nicholson Stock Down 38.4%

CRST stock opened at GBX 66.50 on Tuesday. The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.72 and a current ratio of 2.63. The stock has a market capitalization of £170.72 million, a P/E ratio of 73.89, a PEG ratio of 0.51 and a beta of 1.58. The company has a 50 day moving average price of GBX 126.54 and a two-hundred day moving average price of GBX 141.01. Crest Nicholson has a one year low of GBX 59.70 and a one year high of GBX 198.50.

Crest Nicholson (LON:CRST) last posted its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a return on equity of 0.30% and a net margin of 0.36%. As a group, sell-side analysts expect that Crest Nicholson will post 9.0980939 EPS for the current year.

Insider Buying and Selling at Crest Nicholson

In related news, insider Gillian Kent acquired 9,538 shares of the stock in a transaction dated Monday, March 23rd. The stock was bought at an average cost of GBX 104 per share, with a total value of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total transaction of £69,576.27. Insiders have bought a total of 10,312 shares of company stock valued at $1,091,598 over the last three months. Corporate insiders own 4.49% of the company’s stock.

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.