Crest Nicholson (LON:CRST) Rating Reiterated by Deutsche Bank Aktiengesellschaft

Crest Nicholson (LON:CRSTGet Rating)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a research report issued on Friday, MarketBeat reports. They presently have a GBX 235 ($2.76) target price on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 7.80% from the stock’s previous close.

Several other research firms have also recently commented on CRST. JPMorgan Chase & Co. cut Crest Nicholson to an “underweight” rating in a research note on Wednesday, September 21st. Berenberg Bank lowered Crest Nicholson to a “hold” rating and lowered their target price for the company from GBX 410 ($4.82) to GBX 250 ($2.94) in a report on Monday, September 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 342.50 ($4.02).

Crest Nicholson Price Performance

Shares of LON CRST opened at GBX 218 ($2.56) on Friday. The company has a current ratio of 2.77, a quick ratio of 0.72 and a debt-to-equity ratio of 12.05. Crest Nicholson has a twelve month low of GBX 170.50 ($2.00) and a twelve month high of GBX 379.80 ($4.46). The stock has a 50 day moving average of GBX 204.47 and a two-hundred day moving average of GBX 236.23. The stock has a market cap of £560.09 million and a P/E ratio of -1,090.00.

Insider Buying and Selling

In related news, insider Iain Ferguson bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were acquired at an average cost of GBX 199 ($2.34) per share, with a total value of £39,800 ($46,768.51). In other Crest Nicholson news, insider David Arnold purchased 10,750 shares of Crest Nicholson stock in a transaction on Friday, September 30th. The shares were purchased at an average cost of GBX 184 ($2.16) per share, with a total value of £19,780 ($23,243.24). Also, insider Iain Ferguson purchased 20,000 shares of Crest Nicholson stock in a transaction on Tuesday, October 4th. The shares were acquired at an average cost of GBX 199 ($2.34) per share, for a total transaction of £39,800 ($46,768.51). Over the last three months, insiders have purchased 115,750 shares of company stock valued at $25,338,000.

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.

Further Reading

Analyst Recommendations for Crest Nicholson (LON:CRST)

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