Crest Nicholson Holdings plc (LON:CRST) Receives GBX 235.80 Consensus PT from Brokerages

Shares of Crest Nicholson Holdings plc (LON:CRST – Get Rating) have received a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 235.80 ($2.84).

CRST has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price on Crest Nicholson from GBX 170 ($2.04) to GBX 180 ($2.16) and gave the company an “underweight” rating in a research note on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 235 ($2.83) target price on shares of Crest Nicholson in a research note on Friday, November 18th. Berenberg Bank lowered their target price on Crest Nicholson from GBX 250 ($3.01) to GBX 220 ($2.65) and set a “hold” rating on the stock in a research note on Friday, November 25th. Jefferies Financial Group boosted their target price on Crest Nicholson from GBX 313 ($3.76) to GBX 334 ($4.02) and gave the company a “buy” rating in a research note on Wednesday, March 8th. Finally, UBS Group lowered Crest Nicholson to a “sell” rating and set a GBX 210 ($2.53) target price on the stock. in a research note on Friday, January 20th.

Crest Nicholson Stock Performance

Shares of Crest Nicholson stock opened at GBX 227 ($2.73) on Friday. The business’s fifty day simple moving average is GBX 243.21 and its 200 day simple moving average is GBX 225.35. The firm has a market capitalization of £583.21 million, a P/E ratio of 2,270.00, a price-to-earnings-growth ratio of 0.51 and a beta of 1.91. Crest Nicholson has a 12 month low of GBX 170.50 ($2.05) and a 12 month high of GBX 303.20 ($3.65). The company has a current ratio of 3.08, a quick ratio of 0.72 and a debt-to-equity ratio of 11.44.

Crest Nicholson Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 5th. Stockholders of record on Thursday, March 16th will be paid a GBX 11.50 ($0.14) dividend. This represents a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, March 16th. This is a positive change from Crest Nicholson’s previous dividend of $5.50. Crest Nicholson’s payout ratio is 17,000.00%.

Crest Nicholson Company Profile

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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.