Crest Nicholson Holdings plc (LON:CRST) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Crest Nicholson Holdings plc (LON:CRSTGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 407.86 ($4.88).

A number of research firms recently issued reports on CRST. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Crest Nicholson from GBX 436 ($5.21) to GBX 415 ($4.96) and set a “buy” rating for the company in a report on Friday, May 6th. Berenberg Bank restated a “buy” rating and set a GBX 410 ($4.90) price objective on shares of Crest Nicholson in a report on Tuesday, April 5th. Liberum Capital restated a “buy” rating and set a GBX 390 ($4.66) price objective on shares of Crest Nicholson in a report on Wednesday, May 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Crest Nicholson from GBX 310 ($3.71) to GBX 290 ($3.47) and set a “neutral” rating for the company in a report on Thursday, June 23rd.

Crest Nicholson Stock Performance

LON CRST opened at GBX 257.40 ($3.08) on Wednesday. Crest Nicholson has a 52-week low of GBX 229.40 ($2.74) and a 52-week high of GBX 430.60 ($5.15). The company has a 50-day simple moving average of GBX 251.79 and a 200 day simple moving average of GBX 281.13. The company has a debt-to-equity ratio of 12.05, a quick ratio of 0.72 and a current ratio of 2.77. The company has a market capitalization of £661.31 million and a PE ratio of -1,287.00.

Crest Nicholson Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, September 22nd will be paid a GBX 5.50 ($0.07) dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 2.16%. Crest Nicholson’s payout ratio is -68.00%.

Crest Nicholson Company Profile

(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.

See Also

Analyst Recommendations for Crest Nicholson (LON:CRST)

Receive News & Ratings for Crest Nicholson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crest Nicholson and related companies with MarketBeat.com's FREE daily email newsletter.