Crest Nicholson (LON:CRST) Trading Up 8.6% – Should You Buy?

Shares of Crest Nicholson Holdings plc (LON:CRST) were up 8.6% on Wednesday . The company traded as high as GBX 75.90 and last traded at GBX 72.77. Approximately 10,387,610 shares were traded during trading, an increase of 91% from the average daily volume of 5,425,063 shares. The stock had previously closed at GBX 67.

Analyst Upgrades and Downgrades

CRST has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 112 target price on shares of Crest Nicholson in a report on Tuesday, May 5th. Berenberg Bank decreased their price target on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a report on Wednesday, April 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 95 price objective on shares of Crest Nicholson in a research report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft lowered Crest Nicholson to a “hold” rating and dropped their price objective for the company from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus restated a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 109.57.

Crest Nicholson Stock Performance

The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.71 and a current ratio of 2.63. The stock has a market cap of £186.83 million, a PE ratio of 80.86, a PEG ratio of 0.51 and a beta of 1.33. The company’s 50-day moving average price is GBX 70.47 and its two-hundred day moving average price is GBX 106.70.

Crest Nicholson Company Profile

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.