Crest Nicholson (LON:CRST) Lowered to “Outperform” Rating by Royal Bank Of Canada

Crest Nicholson (LON:CRST) was downgraded by analysts at Royal Bank Of Canada to an “outperform” rating in a report released on Thursday, London Stock Exchange reports. They presently have a GBX 95 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 63.34% from the stock’s previous close.

A number of other brokerages also recently issued reports on CRST. Jefferies Financial Group restated a “buy” rating and set a GBX 107 price objective on shares of Crest Nicholson in a research report on Wednesday, August 12th. JPMorgan Chase & Co. dropped their target price on Crest Nicholson from GBX 160 to GBX 80 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Finally, Berenberg Bank cut their target price on Crest Nicholson from GBX 70 to GBX 58 and set a “hold” rating on the stock in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 104.86.

Crest Nicholson Stock Performance

Crest Nicholson stock opened at GBX 58.16 on Thursday. The company’s 50-day moving average price is GBX 66.42 and its 200-day moving average price is GBX 85.90. The company has a quick ratio of 0.71, a current ratio of 2.24 and a debt-to-equity ratio of 35.57. The company has a market cap of £149.50 million, a PE ratio of 6.92, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32. Crest Nicholson has a twelve month low of GBX 53 and a twelve month high of GBX 176.20.

Crest Nicholson (LON:CRST) last announced 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%. On average, equities research analysts forecast that Crest Nicholson will post 9.0980939 EPS for the current fiscal 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.