Crest Nicholson (LON:CRST) Price Target Cut to GBX 86 by Analysts at Berenberg Bank

Crest Nicholson (LON:CRST) had its target price trimmed by Berenberg Bank from GBX 160 to GBX 86 in a research report sent to investors on Wednesday,Digital Look reports. The firm currently has a hold rating on the stock.

A number of other research analysts have also issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 164 target price on shares of Crest Nicholson in a report on Tuesday. Stifel Nicolaus reissued a “hold” rating and issued a GBX 125 price target on shares of Crest Nicholson in a report on Tuesday. Finally, Royal Bank Of Canada raised their price objective on shares of Crest Nicholson from GBX 205 to GBX 215 and gave the company an “outperform” rating in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 128.43.

Crest Nicholson Stock Down 3.2%

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

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%. Equities analysts expect that Crest Nicholson will post 9.0980939 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Martyn Clark sold 46,077 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of GBX 151, for a total value of £69,576.27. Also, insider Gillian Kent acquired 9,538 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was purchased at an average cost of GBX 104 per share, with a total value of £9,919.52. Insiders have bought 10,312 shares of company stock worth $1,091,598 in the last 90 days. 4.49% of the stock is owned by company insiders.

More Crest Nicholson News

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.