Crest Nicholson (LON:CRST) Downgraded by Royal Bank Of Canada to Outperform

Royal Bank Of Canada downgraded shares of Crest Nicholson (LON:CRST) to an outperform rating in a research report report published on Wednesday morning, Marketbeat.com reports. They currently have GBX 95 target price on the stock, down from their previous target price of GBX 155.

A number of other analysts have also issued reports on CRST. Stifel Nicolaus reaffirmed a “hold” rating and issued a GBX 125 target price on shares of Crest Nicholson in a report on Tuesday. Jefferies Financial Group reiterated a “buy” rating and set a GBX 164 price target on shares of Crest Nicholson in a report on Tuesday. Finally, Berenberg Bank reduced their price objective on Crest Nicholson from GBX 160 to GBX 86 and set a “hold” rating for the company in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 128.43.

Crest Nicholson Stock Down 3.2%

CRST stock opened at GBX 67.40 on Wednesday. The stock has a market capitalization of £173.03 million, a price-to-earnings ratio of 74.89, a price-to-earnings-growth ratio of 0.51 and a beta of 1.58. The company has a 50-day moving average of GBX 122.96 and a two-hundred day moving average of GBX 139.83. Crest Nicholson has a 52-week low of GBX 59.70 and a 52-week high of GBX 198.50. The company has a debt-to-equity ratio of 24.15, a current ratio of 2.63 and a quick ratio of 0.72.

Crest Nicholson (LON:CRST) last posted its quarterly earnings data on Thursday, January 29th. The company reported GBX 7.80 EPS for the quarter. Crest Nicholson had a return on equity of 0.30% and a net margin of 0.36%. As a group, equities research analysts anticipate that Crest Nicholson will post 9.0980939 EPS for the current year.

Insider Transactions at Crest Nicholson

In related news, insider Martyn Clark sold 46,077 shares of Crest Nicholson stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of GBX 151, for a total transaction of £69,576.27. Also, insider Gillian Kent bought 9,538 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of GBX 104 per share, for a total transaction of £9,919.52. Insiders have bought 10,312 shares of company stock valued at $1,091,598 in the last ninety days. 4.49% of the stock is owned by company insiders.

Key Headlines Impacting Crest Nicholson

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

Crest Nicholson Company Profile

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.