Crest Nicholson (LON:CRST) Stock Price Up 8.6% – What’s Next?

Crest Nicholson Holdings plc (LON:CRST) traded up 8.6% during mid-day trading on Wednesday . The stock traded as high as GBX 75.90 and last traded at GBX 72.77. 10,387,610 shares were traded during mid-day trading, an increase of 91% from the average daily volume of 5,425,063 shares. The stock had previously closed at GBX 67.

Analysts Set New Price Targets

CRST has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Crest Nicholson to a “hold” rating and cut their price target for the stock from GBX 228 to GBX 79 in a report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a GBX 112 price target on shares of Crest Nicholson in a research note on Tuesday, May 5th. Berenberg Bank lowered their price target on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 95 target price on shares of Crest Nicholson in a research note on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 109.57.

Crest Nicholson Stock Up 8.6%

The company has a market capitalization of £186.83 million, a PE ratio of 80.86, a PEG ratio of 0.51 and a beta of 1.33. The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.71 and a current ratio of 2.63. The stock’s 50 day moving average is GBX 70.47 and its 200 day moving average is GBX 106.70.

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.