Crest Nicholson (LON:CRST) Price Target Increased to GBX 180 by Analysts at JPMorgan Chase & Co.

Posted by Defense World Staff on Jan 19th, 2023

Crest Nicholson (LON:CRST – Get Rating) had its price target raised by JPMorgan Chase & Co. from GBX 170 ($2.07) to GBX 180 ($2.20) in a research report report published on Wednesday, MarketBeat reports. The firm currently has an underweight rating on the stock.

CRST has been the topic of a number of other reports. Berenberg Bank lowered their price target on shares of Crest Nicholson from GBX 250 ($3.05) to GBX 220 ($2.68) and set a hold rating on the stock in a report on Friday, November 25th. Deutsche Bank Aktiengesellschaft restated a buy rating and issued a GBX 235 ($2.87) price target on shares of Crest Nicholson in a report on Friday, November 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of GBX 301.67 ($3.68).

Crest Nicholson Stock Down 1.9 %

Shares of Crest Nicholson stock opened at GBX 242.64 ($2.96) on Wednesday. Crest Nicholson has a 1 year low of GBX 170.50 ($2.08) and a 1 year high of GBX 355.80 ($4.34). The stock has a market cap of £623.39 million and a price-to-earnings ratio of -1,237.00. The company has a debt-to-equity ratio of 12.05, a current ratio of 2.77 and a quick ratio of 0.72. The firm’s 50-day moving average is GBX 234.70 and its two-hundred day moving average is GBX 231.22.

Crest Nicholson Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 5th. Investors of record on Thursday, March 16th will be given a GBX 11.50 ($0.14) dividend. This is a positive change from Crest Nicholson’s previous dividend of $5.50. This represents a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, March 16th. Crest Nicholson’s dividend payout ratio (DPR) is presently -68.00%.

About Crest Nicholson

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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.