Crest Nicholson (LON:CRST) Stock Price Up 7.2% – What’s Next?

Crest Nicholson Holdings plc (LON:CRST)’s stock price rose 7.2% during trading on Thursday . The stock traded as high as GBX 165.90 ($2.16) and last traded at GBX 163.20 ($2.12). Approximately 29,522,041 shares changed hands during trading, an increase of 1,090% from the average daily volume of 2,480,464 shares. The stock had previously closed at GBX 152.20 ($1.98).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Crest Nicholson to a “neutral” rating and upped their price objective for the company from GBX 180 ($2.34) to GBX 190 ($2.47) in a report on Thursday, December 5th.

Crest Nicholson Trading Up 12.0 %

The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94. The business has a 50 day moving average of GBX 163.74 and a two-hundred day moving average of GBX 171.69. The firm has a market cap of £437.29 million, a P/E ratio of -16.41, a PEG ratio of 0.51 and a beta of 2.00.

Crest Nicholson (LON:CRST) last announced its quarterly earnings results on Tuesday, February 4th. The company reported GBX 5.60 ($0.07) EPS for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. Analysts predict that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

Crest Nicholson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 27th will be issued a GBX 1.20 ($0.02) dividend. The ex-dividend date is Thursday, March 27th. This is a boost from Crest Nicholson’s previous dividend of $1.00. This represents a yield of 0.78%. Crest Nicholson’s payout ratio is currently -125.16%.

Insider Activity

In other news, insider William Floydd acquired 11,024 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of GBX 157 ($2.04) per share, with a total value of £17,307.68 ($22,515.52). Corporate insiders own 9.46% 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.