Crest Nicholson (LON:CRST) released its quarterly earnings results on Tuesday. The company reported GBX 23.80 ($0.32) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Crest Nicholson had a return on equity of 27.35% and a net margin of 17.08%.
Shares of Crest Nicholson traded up GBX 2.80 ($0.04), hitting GBX 427.60 ($5.69), during trading on Thursday, according to Marketbeat.com. 1,029,632 shares of the company traded hands, compared to its average volume of 1,510,000. Crest Nicholson has a 1 year low of GBX 466.81 ($6.22) and a 1 year high of GBX 648.50 ($8.63).
The company also recently announced a dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be paid a GBX 11.20 ($0.15) dividend. The ex-dividend date is Thursday, September 20th. This represents a yield of 2.62%.
CRST has been the subject of a number of recent analyst reports. Peel Hunt downgraded shares of Crest Nicholson to a “hold” rating and reduced their price objective for the company from GBX 660 ($8.79) to GBX 520 ($6.92) in a research report on Wednesday, May 16th. Shore Capital restated a “buy” rating on shares of Crest Nicholson in a research report on Thursday, March 8th. Numis Securities reduced their price objective on shares of Crest Nicholson from GBX 595 ($7.92) to GBX 493 ($6.56) and set an “add” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Crest Nicholson from GBX 550 ($7.32) to GBX 500 ($6.66) and set a “neutral” rating for the company in a research report on Wednesday. Finally, Credit Suisse Group reiterated a “buy” rating and set a GBX 530 ($7.06) price target on shares of Crest Nicholson in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 567.44 ($7.55).
Crest Nicholson Company Profile
Crest Nicholson Holdings plc engages in builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.
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