Crest Nicholson (LON:CRST) Downgraded by JPMorgan Chase & Co. to Underweight

JPMorgan Chase & Co. cut shares of Crest Nicholson (LON:CRSTGet Rating) to an underweight rating in a report issued on Wednesday, Marketbeat reports.

A number of other brokerages have also issued reports on CRST. Berenberg Bank lowered Crest Nicholson to a hold rating and decreased their price target for the company from GBX 410 ($4.95) to GBX 250 ($3.02) in a research note on Monday, September 12th. Liberum Capital reaffirmed a buy rating and set a GBX 390 ($4.71) price target on shares of Crest Nicholson in a research note on Wednesday, May 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Crest Nicholson from GBX 415 ($5.01) to GBX 416 ($5.03) and gave the stock a buy rating in a research note on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Crest Nicholson currently has a consensus rating of Moderate Buy and a consensus price target of GBX 385.14 ($4.65).

Crest Nicholson Stock Performance

Shares of LON CRST opened at GBX 209.30 ($2.53) on Wednesday. The stock has a fifty day moving average price of GBX 251.29 and a two-hundred day moving average price of GBX 257.85. 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 firm has a market cap of £537.74 million and a P/E ratio of -1,046.00. Crest Nicholson has a 1 year low of GBX 207.40 ($2.51) and a 1 year high of GBX 416.80 ($5.04).

Insider Activity

In other Crest Nicholson news, insider Peter Truscott bought 85,000 shares of Crest Nicholson stock in a transaction dated Monday, September 12th. The stock was bought at an average price of GBX 228 ($2.75) per share, for a total transaction of £193,800 ($234,171.10).

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)

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