Crest Nicholson (LON:CRST) Trading Up 11.4% – Still a Buy?

Crest Nicholson Holdings plc (LON:CRST) shares shot up 11.4% during mid-day trading on Wednesday . The stock traded as high as GBX 171.40 and last traded at GBX 167.80. 1,085,650 shares were traded during trading, a decline of 54% from the average session volume of 2,346,765 shares. The stock had previously closed at GBX 150.60.

Analysts Set New Price Targets

Several research firms recently weighed in on CRST. JPMorgan Chase & Co. cut their price objective on shares of Crest Nicholson from GBX 190 to GBX 160 and set a “neutral” rating for the company in a research report on Thursday, December 4th. Royal Bank Of Canada upped their price target on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the stock an “outperform” rating in a report on Monday, February 2nd. Berenberg Bank decreased their price objective on shares of Crest Nicholson from GBX 195 to GBX 180 and set a “hold” rating on the stock in a research note on Tuesday, November 18th. Jefferies Financial Group restated a “buy” rating and set a GBX 230 price objective on shares of Crest Nicholson in a research report on Thursday, February 5th. Finally, Peel Hunt reaffirmed an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a report on Tuesday, November 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Crest Nicholson currently has an average rating of “Moderate Buy” and a consensus target price of GBX 195.

Crest Nicholson Stock Performance

The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27. The firm has a market cap of £430.65 million, a P/E ratio of 186.44, a P/E/G ratio of 0.51 and a beta of 2.00. The company’s 50 day moving average is GBX 140.72 and its 200 day moving average is GBX 154.69.

Crest Nicholson (LON:CRST) last announced its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. As a group, equities analysts predict that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current fiscal year.

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.