JPMorgan Chase & Co. Cuts Crest Nicholson (CRST) Price Target to GBX 400

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Crest Nicholson (LON:CRST) had its target price decreased by JPMorgan Chase & Co. from GBX 440 ($5.75) to GBX 400 ($5.23) in a research report sent to investors on Thursday. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Liberum Capital raised their target price on shares of Crest Nicholson from GBX 390 ($5.10) to GBX 405 ($5.29) and gave the stock a buy rating in a research report on Monday, February 4th. UBS Group restated a buy rating and set a GBX 470 ($6.14) target price (down previously from GBX 475 ($6.21)) on shares of Crest Nicholson in a research report on Tuesday, January 29th. Shore Capital restated a buy rating on shares of Crest Nicholson in a research report on Thursday, December 13th. Barclays restated an equal weight rating and set a GBX 359 ($4.69) target price (down previously from GBX 366 ($4.78)) on shares of Crest Nicholson in a research report on Wednesday, January 30th. Finally, Berenberg Bank decreased their target price on shares of Crest Nicholson from GBX 360 ($4.70) to GBX 320 ($4.18) and set a hold rating on the stock in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of GBX 394 ($5.15).

Shares of LON CRST opened at GBX 351.20 ($4.59) on Thursday. Crest Nicholson has a 1 year low of GBX 275 ($3.59) and a 1 year high of GBX 512 ($6.69). The company has a market cap of $901.82 million and a P/E ratio of 6.34. The company has a current ratio of 3.80, a quick ratio of 0.71 and a debt-to-equity ratio of 19.37.

The business also recently declared a dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, March 21st will be issued a GBX 21.80 ($0.28) dividend. This represents a dividend yield of 6.03%. The ex-dividend date of this dividend is Thursday, March 21st. This is a positive change from Crest Nicholson’s previous dividend of $11.20. Crest Nicholson’s dividend payout ratio (DPR) is 0.60%.

Crest Nicholson Company Profile

Crest Nicholson Holdings plc builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

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Analyst Recommendations for Crest Nicholson (LON:CRST)

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