Brokerages Set Crest Nicholson Holdings plc (LON:CRST) Price Target at GBX 237.33

Crest Nicholson Holdings plc (LON:CRST – Get Rating) has earned an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 237.33 ($2.95).

Several research analysts have issued reports on the stock. Barclays restated an “equal weight” rating and issued a GBX 245 ($3.05) price target on shares of Crest Nicholson in a research report on Tuesday, April 11th. Jefferies Financial Group lifted their price target on shares of Crest Nicholson from GBX 313 ($3.89) to GBX 334 ($4.15) and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Liberum Capital restated a “buy” rating on shares of Crest Nicholson in a research report on Monday, February 13th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Crest Nicholson from GBX 210 ($2.61) to GBX 180 ($2.24) and set an “underweight” rating on the stock in a research report on Tuesday, April 18th.

Crest Nicholson Price Performance

LON CRST opened at GBX 244.40 ($3.04) on Wednesday. Crest Nicholson has a 12 month low of GBX 170.50 ($2.12) and a 12 month high of GBX 293.60 ($3.65). The company has a debt-to-equity ratio of 11.44, a current ratio of 3.08 and a quick ratio of 0.72. The firm has a market capitalization of £627.91 million, a PE ratio of 2,444.00, a P/E/G ratio of 0.51 and a beta of 1.92. The company’s 50 day simple moving average is GBX 242.50 and its 200 day simple moving average is GBX 237.73.

Insider Buying and Selling

In related news, insider Duncan Cooper sold 29,739 shares of Crest Nicholson stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of GBX 232 ($2.89), for a total value of £68,994.48 ($85,814.03). Insiders own 8.65% of the company’s stock.

About Crest Nicholson

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