Crest Nicholson (LON:CRST) Insider Acquires 254 Shares of Company Stock

Crest Nicholson Holdings plc (LON:CRST) insider William Floydd purchased 254 shares of the firm’s stock in a transaction on Monday, October 12th. The shares were purchased at an average price of GBX 59 per share, with a total value of £149.86.

William Floydd also recently made the following trade(s):

• On Thursday, September 10th, William Floydd acquired 255 shares of Crest Nicholson stock. The stock was acquired at an average price of GBX 59 per share, for a total transaction of £150.45.
• On Monday, August 10th, William Floydd acquired 231 shares of Crest Nicholson stock. The stock was acquired at an average price of GBX 65 per share, for a total transaction of £150.15.

Crest Nicholson Stock Performance

Shares of LON CRST traded up GBX 1.10 during trading hours on Monday, hitting GBX 60. 1,181,715 shares of the company’s stock were exchanged, compared to its average volume of 4,494,430. The company’s 50-day moving average price is GBX 62.16 and its 200-day moving average price is GBX 71.55. Crest Nicholson Holdings plc has a 1-year low of GBX 53 and a 1-year high of GBX 176.20. The stock has a market capitalization of £154.06 million, a price-to-earnings ratio of 7.14, a PEG ratio of 0.51 and a beta of 1.32. The company has a debt-to-equity ratio of 35.57, a current ratio of 2.24 and a quick ratio of 0.71.

Crest Nicholson (LON:CRST) last released its 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%. On average, sell-side analysts expect that Crest Nicholson Holdings plc will post 9.10 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRST has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Royal Bank Of Canada downgraded shares of Crest Nicholson to an “outperform” rating and set a GBX 95 price target on the stock. in a research note on Thursday, September 3rd. Jefferies Financial Group lowered their price target on shares of Crest Nicholson from GBX 107 to GBX 80 and set a “buy” rating on the stock in a report on Monday, September 28th. Berenberg Bank dropped their price objective on shares of Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating for the company in a research note on Friday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Crest Nicholson from GBX 79 to GBX 65 and set a “hold” rating for the company in a report on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 99.

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.