Crest Nicholson (LON:CRST – Free Report) had its price objective lifted by Royal Bank of Canada from GBX 175 ($2.22) to GBX 250 ($3.18) in a research note published on Tuesday morning, Marketbeat Ratings reports. Royal Bank of Canada currently has an underperform rating on the stock.
Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Crest Nicholson from GBX 160 ($2.03) to GBX 180 ($2.29) and gave the company an underweight rating in a report on Friday, April 12th. Jefferies Financial Group reiterated a hold rating and set a GBX 237 ($3.01) target price on shares of Crest Nicholson in a research report on Wednesday, March 20th. Finally, Berenberg Bank reissued a buy rating and set a GBX 280 ($3.56) price target on shares of Crest Nicholson in a research note on Friday, June 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Crest Nicholson presently has a consensus rating of Hold and a consensus price target of GBX 229.40 ($2.91).
View Our Latest Stock Analysis on Crest Nicholson
Crest Nicholson Trading Down 1.5 %
Crest Nicholson Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.42%. The ex-dividend date is Thursday, September 19th. Crest Nicholson’s payout ratio is currently 24,285.71%.
Insider Transactions at Crest Nicholson
In related news, insider Martyn Clark sold 10,347 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 250 ($3.18), for a total value of £25,867.50 ($32,868.49). Corporate insiders own 8.20% of the company’s stock.
About Crest Nicholson
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.
Further Reading
- Five stocks we like better than Crest Nicholson
- How to Use the MarketBeat Stock Screener
- Occidental Stock: Buffett’s 9-Day Buying Spree Lifts Stake to 29%
- Market Cap Calculator: How to Calculate Market Cap
- 3M Stock: Invest Now for Unmatched Quality and Growth Potential
- How to Effectively Use the MarketBeat Ratings Screener
- Super Micro AI Stock: Should You Invest After a 275% Increase?
Receive News & Ratings for Crest Nicholson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crest Nicholson and related companies with MarketBeat.com's FREE daily email newsletter.