Crest Nicholson (LON:CRST) Lowered to “Outperform” Rating by Royal Bank Of Canada

Royal Bank Of Canada lowered shares of Crest Nicholson (LON:CRST) to an outperform rating in a report released on Thursday morning,London Stock Exchange reports. Royal Bank Of Canada currently has GBX 95 target price on the stock.

CRST has been the subject of a number of other reports. Berenberg Bank reduced their price objective on shares of Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 107 price target on shares of Crest Nicholson in a research note on Wednesday, August 12th. Finally, 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 note on Tuesday, June 16th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 104.86.

Crest Nicholson Trading Up 3.3%

LON CRST opened at GBX 58.06 on Thursday. The company has a market cap of £149.24 million, a price-to-earnings ratio of 6.91, a P/E/G ratio of 0.51 and a beta of 1.32. Crest Nicholson has a 52 week low of GBX 53 and a 52 week high of GBX 176.20. The business has a 50 day moving average price of GBX 66.42 and a 200-day moving average price of GBX 85.90. The company has a quick ratio of 0.71, a current ratio of 2.24 and a debt-to-equity ratio of 35.57.

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