JPMorgan Chase & Co. Lowers Crest Nicholson (LON:CRST) Price Target to GBX 80

Crest Nicholson (LON:CRST) had its price objective cut by analysts at JPMorgan Chase & Co. from GBX 160 to GBX 80 in a report released on Tuesday,Digital Look reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 11.89% from the company’s current price.

A number of other research firms have also commented on CRST. Royal Bank Of Canada lowered Crest Nicholson to an “outperform” rating and decreased their price objective for the company from GBX 155 to GBX 95 in a research note on Wednesday, April 22nd. Stifel Nicolaus reaffirmed a “hold” rating and set a GBX 125 price objective on shares of Crest Nicholson in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered Crest Nicholson to a “hold” rating and decreased their price objective for the company from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 112 price objective on shares of Crest Nicholson in a research note on Tuesday, May 5th. Finally, Berenberg Bank reduced their target price on Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 109.57.

Crest Nicholson Price Performance

Shares of CRST traded down GBX 0.20 during trading hours on Tuesday, reaching GBX 71.50. 1,810,740 shares of the company traded hands, compared to its average volume of 5,056,849. The company has a quick ratio of 0.72, a current ratio of 2.63 and a debt-to-equity ratio of 24.15. The stock has a market capitalization of £183.57 million, a PE ratio of 79.44, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. Crest Nicholson has a fifty-two week low of GBX 59.60 and a fifty-two week high of GBX 196.60. The stock has a fifty day simple moving average of GBX 78.02 and a 200 day simple moving average of GBX 116.20.

Insiders Place Their Bets

In other Crest Nicholson news, insider Gillian Kent bought 9,538 shares of Crest Nicholson stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of GBX 104 per share, for a total transaction of £9,919.52. Insiders bought 10,460 shares of company stock worth $1,066,912 in the last quarter. Corporate insiders own 4.51% of the company’s stock.

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.