Crest Nicholson (LON:CRST) Trading Down 8.3% After Analyst Downgrade

Shares of Crest Nicholson Holdings plc (LON:CRST) were down 8.3% during trading on Thursday after Royal Bank Of Canada downgraded the stock to an outperform rating. Royal Bank Of Canada now has a GBX 95 price target on the stock. Crest Nicholson traded as low as GBX 53 and last traded at GBX 56.20. 12,705,670 shares changed hands during trading, an increase of 161% from the average daily volume of 4,872,614 shares. The stock had previously closed at GBX 61.30.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Berenberg Bank cut their target price on Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a research report on Friday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 107 price target on shares of Crest Nicholson in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 104.86.

Key Stories Impacting Crest Nicholson

Here are the key news stories impacting Crest Nicholson this week:

• Positive Sentiment: Improved debt position: Crest Nicholson lowered its year-end net debt forecast, a positive development for liquidity and financial flexibility despite the weaker earnings outlook. Crest Nicholson Lowers Year-End Net Debt Forecast and Expects FY26 EBIT Loss
• Positive Sentiment: Jefferies remains bullish: Jefferies Financial Group reaffirmed its “buy” rating and set a GBX 107 price target, implying substantial upside from recent trading levels and signaling confidence in a potential recovery. Crest Nicholson analyst ratings

Crest Nicholson Stock Up 3.4%

The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.71 and a current ratio of 2.24. The firm has a market capitalization of £149.35 million, a PE ratio of 6.92, a PEG ratio of 0.51 and a beta of 1.32. The company has a fifty day moving average price of GBX 66.08 and a 200-day moving average price of GBX 85.71.

Crest Nicholson (LON:CRST) last released its quarterly earnings results on Thursday, July 16th. The company reported GBX (10.10) earnings per share (EPS) for the quarter. Crest Nicholson had a negative net margin of 5.44% and a negative return on equity of 4.32%. As a group, analysts expect that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current 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.