UBS Group Lowers Crest Nicholson (LON:CRST) Price Target to GBX 210

Crest Nicholson (LON:CRST) had its price objective reduced by UBS Group from GBX 220 ($2.71) to GBX 210 ($2.58) in a research report sent to investors on Tuesday morning, Stock Target Advisor reports. They currently have a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Liberum Capital reissued a buy rating on shares of Crest Nicholson in a report on Wednesday, June 24th. Peel Hunt reissued a hold rating and set a GBX 220 ($2.71) price objective (down previously from GBX 455 ($5.60)) on shares of Crest Nicholson in a report on Wednesday, June 24th. Jefferies Financial Group downgraded shares of Crest Nicholson to a hold rating and decreased their price objective for the stock from GBX 331 ($4.07) to GBX 226 ($2.78) in a report on Friday, June 26th. Berenberg Bank decreased their price objective on shares of Crest Nicholson from GBX 420 ($5.17) to GBX 210 ($2.58) and set a hold rating on the stock in a report on Friday, March 27th. Finally, HSBC boosted their price objective on shares of Crest Nicholson from GBX 330 ($4.06) to GBX 400 ($4.92) and gave the stock a buy rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Crest Nicholson has a consensus rating of Hold and an average price target of GBX 277.90 ($3.42).

Shares of LON:CRST opened at GBX 220.80 ($2.72) on Tuesday. The company has a market cap of $534.40 million and a price-to-earnings ratio of -53.85. Crest Nicholson has a fifty-two week low of GBX 159.85 ($1.97) and a fifty-two week high of GBX 524 ($6.45). The firm’s 50-day simple moving average is GBX 247.44 and its 200-day simple moving average is GBX 333.85. The company has a quick ratio of 1.08, a current ratio of 4.39 and a debt-to-equity ratio of 44.18.

In other Crest Nicholson news, insider Peter Truscott acquired 90,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were acquired at an average price of GBX 202 ($2.49) per share, for a total transaction of £181,800 ($223,726.31). Also, insider Iain Ferguson acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of GBX 218 ($2.68) per share, for a total transaction of £21,800 ($26,827.47). In the last three months, insiders bought 105,000 shares of company stock valued at $21,415,000.

About Crest Nicholson

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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