Jefferies Financial Group Cuts Crest Nicholson (LON:CRST) Price Target to GBX 80

Crest Nicholson (LON:CRST) had its price objective trimmed by Jefferies Financial Group from GBX 107 to GBX 80 in a research report released on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on CRST. Deutsche Bank Aktiengesellschaft dropped their price target on Crest Nicholson from GBX 79 to GBX 65 and set a “hold” rating on the stock in a research report on Tuesday, September 8th. Royal Bank Of Canada lowered Crest Nicholson to an “outperform” rating and set a GBX 95 price objective for the company. in a report on Thursday, September 3rd. Berenberg Bank lowered their target price 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, JPMorgan Chase & Co. dropped their price target on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 99.

Crest Nicholson Trading Down 3.2%

CRST opened at GBX 63.10 on Monday. The firm has a market cap of £162.02 million, a P/E ratio of 7.51, a P/E/G ratio of 0.51 and a beta of 1.32. The company has a current ratio of 2.24, a quick ratio of 0.71 and a debt-to-equity ratio of 35.57. The stock has a 50-day moving average of GBX 62.64 and a 200 day moving average of GBX 74.14. Crest Nicholson has a 12 month low of GBX 53 and a 12 month high of GBX 176.20.

Crest Nicholson (LON:CRST) last issued its quarterly earnings results on Thursday, July 16th. The company reported GBX (10.10) 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, research analysts forecast that Crest Nicholson 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.