Crest Nicholson Holdings plc (LON:CRST) Given Average Recommendation of “Buy” by Analysts

Shares of Crest Nicholson Holdings plc (LON:CRST – Get Rating) have been assigned an average rating of “Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is GBX 422.63 ($5.51).

A number of research firms recently weighed in on CRST. Liberum Capital reaffirmed a “buy” rating and set a GBX 425 ($5.54) target price on shares of Crest Nicholson in a report on Monday, March 14th. Barclays reissued an “overweight” rating and issued a GBX 430 ($5.60) price target on shares of Crest Nicholson in a report on Friday, January 28th. Peel Hunt reissued an “add” rating and issued a GBX 460 ($5.99) price target on shares of Crest Nicholson in a report on Wednesday, January 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 436 ($5.68) price target on shares of Crest Nicholson in a report on Wednesday, March 23rd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 410 ($5.34) price target on shares of Crest Nicholson in a report on Tuesday, April 5th.

In other news, insider David Arnold purchased 3,000 shares of the company’s stock in a transaction on Wednesday, January 19th. The stock was acquired at an average price of GBX 348 ($4.53) per share, with a total value of £10,440 ($13,604.38). Also, insider Peter Truscott purchased 30,000 shares of the company’s stock in a transaction on Thursday, January 27th. The shares were purchased at an average cost of GBX 308 ($4.01) per share, with a total value of £92,400 ($120,406.57). Insiders bought a total of 43,000 shares of company stock valued at $13,194,000 in the last ninety days.

Crest Nicholson stock traded up GBX 0.20 ($0.00) during midday trading on Monday, reaching GBX 268.20 ($3.49). 1,423,623 shares of the stock were exchanged, compared to its average volume of 573,830. The company’s fifty day moving average is GBX 290.80 and its 200-day moving average is GBX 331.17. The company has a debt-to-equity ratio of 11.37, a quick ratio of 0.98 and a current ratio of 3.21. The firm has a market cap of £689.06 million and a PE ratio of 9.75. Crest Nicholson has a 52 week low of GBX 247 ($3.22) and a 52 week high of GBX 469 ($6.11).

The firm also recently disclosed a dividend, which was paid on Friday, April 8th. Stockholders of record on Thursday, March 17th were paid a GBX 9.50 ($0.12) dividend. This is a boost from Crest Nicholson’s previous dividend of $4.10. The ex-dividend date was Thursday, March 17th. This represents a dividend yield of 2.73%. Crest Nicholson’s dividend payout ratio is 0.15%.

About Crest Nicholson (Get Rating)

Crest Nicholson Holdings plc builds residential homes in the United Kingdom. The company develops and sells apartments, houses, and commercial properties. It serves first-time buyers, families, and investors. The company was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

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