Jefferies Financial Group Has Lowered Expectations for Crest Nicholson (LON:CRST) Stock Price

Crest Nicholson (LON:CRST) had its price objective lowered by research analysts at Jefferies Financial Group from GBX 254 to GBX 251 in a report released on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 90.44% from the company’s previous close.

Several other equities analysts have also issued reports on CRST. Peel Hunt reaffirmed an “add” rating and issued a GBX 190 target price on shares of Crest Nicholson in a report on Tuesday. Berenberg Bank reissued a “hold” rating and issued a GBX 195 price objective on shares of Crest Nicholson in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 206.50.

Crest Nicholson Stock Down 5.1%

CRST stock traded down GBX 7.10 during trading on Wednesday, reaching GBX 131.80. The stock had a trading volume of 2,122,789 shares, compared to its average volume of 1,412,873. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94. The company has a market capitalization of £337.87 million, a price-to-earnings ratio of -4.59, a P/E/G ratio of 0.51 and a beta of 2.00. Crest Nicholson has a one year low of GBX 131.80 and a one year high of GBX 198.50. The company’s 50 day moving average is GBX 162.79 and its two-hundred day moving average is GBX 174.19.

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.