Crest Nicholson (CRST) Stock Rating Reaffirmed by Canaccord Genuity

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Canaccord Genuity restated their hold rating on shares of Crest Nicholson (LON:CRST) in a report issued on Wednesday, Digital Look reports. The firm currently has a GBX 365 ($4.77) price target on the stock.

A number of other research analysts also recently commented on the company. HSBC increased their price objective on Crest Nicholson from GBX 460 ($6.01) to GBX 510 ($6.66) and gave the company a buy rating in a report on Tuesday, March 26th. Liberum Capital reiterated a buy rating on shares of Crest Nicholson in a report on Tuesday, March 26th. UBS Group reiterated a buy rating and issued a GBX 470 ($6.14) price objective (down previously from GBX 475 ($6.21)) on shares of Crest Nicholson in a report on Tuesday, January 29th. Barclays reiterated an equal weight rating and issued a GBX 359 ($4.69) price objective (down previously from GBX 366 ($4.78)) on shares of Crest Nicholson in a report on Wednesday, January 30th. Finally, Berenberg Bank dropped their price objective on Crest Nicholson from GBX 360 ($4.70) to GBX 320 ($4.18) and set a hold rating on the stock in a report on Friday, February 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 408.25 ($5.33).

Shares of LON CRST opened at GBX 372.80 ($4.87) on Wednesday. The company has a current ratio of 3.80, a quick ratio of 0.71 and a debt-to-equity ratio of 19.37. Crest Nicholson has a 1-year low of GBX 275 ($3.59) and a 1-year high of GBX 450.80 ($5.89). The stock has a market cap of $957.28 million and a price-to-earnings ratio of 6.73.

In related news, insider Kevin Maguire sold 10,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of GBX 382 ($4.99), for a total value of £38,200 ($49,915.07).

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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