Crest Nicholson (LON:CRST) Downgraded by Deutsche Bank Aktiengesellschaft to Hold

Deutsche Bank Aktiengesellschaft lowered shares of Crest Nicholson (LON:CRST) to a hold rating in a report released on Wednesday, Marketbeat Ratings reports. They currently have GBX 79 price objective on the stock, down from their previous price objective of GBX 228.

CRST has been the topic of a number of other research reports. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a research report on Tuesday. Berenberg Bank reduced their price target on Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating for the company in a research report on Wednesday. Royal Bank Of Canada downgraded Crest Nicholson to an “outperform” rating and decreased their price target for the company from GBX 155 to GBX 95 in a research note on Wednesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 164 price target on shares of Crest Nicholson in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Crest Nicholson currently has a consensus rating of “Hold” and an average price target of GBX 128.43.

Crest Nicholson Stock Down 3.2%

Crest Nicholson stock opened at GBX 67.40 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 0.72 and a debt-to-equity ratio of 24.15. Crest Nicholson has a 1-year low of GBX 59.70 and a 1-year high of GBX 198.50. The company has a fifty day simple moving average of GBX 122.96 and a 200 day simple moving average of GBX 139.83. The company has a market cap of £173.03 million, a P/E ratio of 74.89, a price-to-earnings-growth ratio of 0.51 and a beta of 1.58.

Crest Nicholson (LON:CRST) last issued its quarterly earnings results on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a net margin of 0.36% and a return on equity of 0.30%. Research analysts anticipate that Crest Nicholson will post 9.0980939 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gillian Kent acquired 9,538 shares of the stock in a transaction dated Monday, March 23rd. The shares were bought at an average cost of GBX 104 per share, for a total transaction of £9,919.52. Also, insider Martyn Clark sold 46,077 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total transaction of £69,576.27. In the last quarter, insiders acquired 10,312 shares of company stock valued at $1,091,598. Corporate insiders own 4.49% of the company’s stock.

Crest Nicholson News Summary

Here are the key news stories impacting Crest Nicholson this week:

• Positive Sentiment: Jefferies reaffirmed a “buy” rating with a GBX 164 price target — the only prominent broker note keeping a constructive view amid the turmoil. Jefferies reafirms buy
• Neutral Sentiment: Stifel Nicolaus reaffirmed a “hold” rating with a GBX 125 price target, signalling some analysts see limited near-term upside absent improvement in operations or guidance. Stifel note
• Negative Sentiment: Crest Nicholson warned on profits, cut guidance and said it is seeking covenant relief — the core catalyst for the share decline as it raises questions on short‑term liquidity and margins. Reuters: profit warning Investing: covenant relief Yahoo: macro headwinds
• Negative Sentiment: Multiple brokers slashed price targets and downgraded the stock after the update: Deutsche Bank cut to “hold” with a GBX 79 target (from GBX 228). Deutsche Bank downgrade LSE broker page
• Negative Sentiment: Royal Bank of Canada downgraded to “outperform” with a lower GBX 95 target (from GBX 155), signalling diminished earnings visibility. RBC downgrade LSE broker page
• Negative Sentiment: Berenberg cut its target to GBX 86 and moved to “hold”, adding to the consensus shift lower among sell-side firms. Berenberg note

About Crest Nicholson

Crest Nicholson Holdings plc engages in building residential homes in the United Kingdom. It develops and sells apartments, houses, and commercial properties. The company was founded in 1963 and is headquartered in Addlestone, the United Kingdom.