Crest Nicholson (LON:CRST) Cut to Outperform at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Crest Nicholson (LON:CRST) to an outperform rating in a research note released on Wednesday, Marketbeat Ratings reports. The brokerage currently has GBX 95 price target on the stock, down from their prior price target of GBX 155.

Other equities research analysts have also issued reports about the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 164 price target on shares of Crest Nicholson in a report on Tuesday. Stifel Nicolaus reiterated a “hold” rating and issued a GBX 125 price objective on shares of Crest Nicholson in a research report on Tuesday. Finally, Berenberg Bank decreased their price objective on shares of Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Crest Nicholson presently has an average rating of “Hold” and a consensus price target of GBX 128.43.

Crest Nicholson Price Performance

LON:CRST opened at GBX 62.40 on Wednesday. Crest Nicholson has a one year low of GBX 59.70 and a one year high of GBX 198.50. The company has a debt-to-equity ratio of 24.15, a quick ratio of 0.72 and a current ratio of 2.63. The firm has a market cap of £160.19 million, a price-to-earnings ratio of 69.33, a PEG ratio of 0.51 and a beta of 1.58. The firm’s fifty day moving average is GBX 118.85 and its two-hundred day moving average is GBX 138.60.

Crest Nicholson (LON:CRST) last posted its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a net margin of 0.36% and a return on equity of 0.30%. Research analysts expect that Crest Nicholson will post 9.0980939 EPS for the current year.

Insider Activity

In related news, insider Martyn Clark sold 46,077 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total transaction of £69,576.27. Also, insider Gillian Kent acquired 9,538 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 104 per share, with a total value of £9,919.52. In the last 90 days, insiders have purchased 10,312 shares of company stock valued at $1,091,598. Insiders own 4.49% of the company’s stock.

Crest Nicholson Company Profile

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.