Jefferies Financial Group Reaffirms Buy Rating for Crest Nicholson (LON:CRST)

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 80 target price on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 23.84% from the company’s current price.

A number of other brokerages have also recently issued reports on CRST. Deutsche Bank Aktiengesellschaft decreased their target price on Crest Nicholson from GBX 79 to GBX 65 and set a “hold” rating on the stock in a report on Tuesday, September 8th. Berenberg Bank reduced their target price on Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a report on Friday, September 4th. Finally, Royal Bank Of Canada downgraded Crest Nicholson to an “outperform” rating and set a GBX 95 target price for the company. in a report on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 99.

Crest Nicholson Price Performance

Shares of LON CRST traded up GBX 2.30 during trading on Wednesday, hitting GBX 64.60. The company had a trading volume of 1,212,178 shares, compared to its average volume of 4,369,072. Crest Nicholson has a 52 week low of GBX 53 and a 52 week high of GBX 176.20. The business’s 50-day moving average is GBX 61.70 and its 200 day moving average is GBX 69.46. The company has a market cap of £165.88 million, a P/E ratio of 7.69, a PEG ratio of 0.51 and a beta of 1.32. The company has a debt-to-equity ratio of 35.57, a quick ratio of 0.71 and a current ratio of 2.24.

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.