JPMorgan Chase & Co. Lowers Crest Nicholson (LON:CRST) Price Target to GBX 80

Crest Nicholson (LON:CRST) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from GBX 160 to GBX 80 in a research report issued on Tuesday,Digital Look reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 11.89% from the company’s previous close.

A number of other brokerages also recently commented on CRST. Jefferies Financial Group reissued a “buy” rating and issued a GBX 112 target price on shares of Crest Nicholson in a research note on Tuesday, May 5th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research note on Tuesday, April 21st. Berenberg Bank cut their target price on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Royal Bank Of Canada downgraded shares of Crest Nicholson to an “outperform” rating and cut their target price for the company from GBX 155 to GBX 95 in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Crest Nicholson to a “hold” rating and cut their target price for the company from GBX 228 to GBX 79 in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Crest Nicholson currently has a consensus rating of “Hold” and a consensus price target of GBX 109.57.

Crest Nicholson Trading Down 0.3%

CRST stock traded down GBX 0.20 during midday trading on Tuesday, reaching GBX 71.50. 1,810,740 shares of the company’s stock traded hands, compared to its average volume of 5,056,849. The company has a debt-to-equity ratio of 24.15, a current ratio of 2.63 and a quick ratio of 0.72. Crest Nicholson has a fifty-two week low of GBX 59.60 and a fifty-two week high of GBX 196.60. The business has a 50-day moving average price of GBX 78.02 and a two-hundred day moving average price of GBX 116.20. The company has a market capitalization of £183.57 million, a P/E ratio of 79.44, a PEG ratio of 0.51 and a beta of 1.34.

Insider Activity at Crest Nicholson

In other Crest Nicholson news, insider Gillian Kent bought 9,538 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of GBX 104 per share, with a total value of £9,919.52. Over the last quarter, insiders have acquired 10,460 shares of company stock valued at $1,066,912. Company insiders own 4.51% of the company’s stock.

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.