Crest Nicholson (LON:CRST) PT Lowered to GBX 215

Crest Nicholson (LON:CRST) had its price target decreased by analysts at Berenberg Bank from GBX 280 ($3.64) to GBX 215 ($2.79) in a research note issued on Tuesday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 17.87% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Crest Nicholson in a research note on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 216.40 ($2.81).

Crest Nicholson Price Performance

Shares of Crest Nicholson stock opened at GBX 182.40 ($2.37) on Tuesday. The firm has a market capitalization of £467.53 million, a PE ratio of -1,824.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The company has a current ratio of 3.13, a quick ratio of 0.72 and a debt-to-equity ratio of 13.12. Crest Nicholson has a 12 month low of GBX 152.70 ($1.98) and a 12 month high of GBX 272.40 ($3.54). The business’s 50-day moving average price is GBX 195.81 and its 200-day moving average price is GBX 217.26.

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.