Crest Nicholson (LON:CRST) Stock Price Up 12.4% – What’s Next?

Crest Nicholson Holdings plc (LON:CRST) shot up 12.4% on Wednesday . The company traded as high as GBX 171.40 and last traded at GBX 169.20. 1,092,948 shares changed hands during trading, a decline of 53% from the average session volume of 2,347,016 shares. The stock had previously closed at GBX 150.60.

Analysts Set New Price Targets

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

Crest Nicholson Trading Down 1.7%

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 capitalization of £426.03 million, a price-to-earnings ratio of 184.44, a P/E/G ratio of 0.51 and a beta of 2.00. The company has a 50 day moving average price of GBX 141.93 and a two-hundred day moving average price of GBX 154.65.

Crest Nicholson (LON:CRST) last released its earnings results on Thursday, January 29th. The company reported GBX 7.80 earnings per share for the quarter. Crest Nicholson had a negative return on equity of 3.47% and a negative net margin of 4.21%. On average, research analysts forecast that Crest Nicholson Holdings plc will post 9.0980939 EPS 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.