Crest Nicholson (LON:CRST) Price Target Cut to GBX 80 by Analysts at Jefferies Financial Group

Crest Nicholson (LON:CRST) had its target price cut by Jefferies Financial Group from GBX 107 to GBX 80 in a report published on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their price target on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on Crest Nicholson from GBX 79 to GBX 65 and set a “hold” rating on the stock in a research note on Tuesday, September 8th. Berenberg Bank cut their price objective on Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a research report on Friday, September 4th. Finally, Royal Bank Of Canada downgraded Crest Nicholson to an “outperform” rating and set a GBX 95 target price for the company. in a research note on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 99.

Crest Nicholson Trading Up 13.7%

LON CRST opened at GBX 65.50 on Monday. The company has a market cap of £168.18 million, a PE ratio of 7.80, a PEG ratio of 0.51 and a beta of 1.32. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 35.57. Crest Nicholson has a 12 month low of GBX 53 and a 12 month high of GBX 176.20. The stock has a 50 day moving average of GBX 62.57 and a 200-day moving average of GBX 74.95.

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