Berenberg Bank downgraded shares of Crest Nicholson (LON:CRST – Free Report) to a hold rating in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has GBX 280 ($3.60) target price on the stock.
CRST has been the subject of several other reports. Royal Bank of Canada upped their price objective on Crest Nicholson from GBX 175 ($2.25) to GBX 250 ($3.22) and gave the company an underperform rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Crest Nicholson in a research note on Friday, July 5th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of GBX 229.40 ($2.95).
Check Out Our Latest Analysis on CRST
Crest Nicholson Stock Down 2.3 %
Crest Nicholson Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 19th will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.42%. The ex-dividend date is Thursday, September 19th. Crest Nicholson’s payout ratio is currently 24,285.71%.
Insider Activity at Crest Nicholson
In other Crest Nicholson news, insider Martyn Clark sold 10,347 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of GBX 250 ($3.22), for a total transaction of £25,867.50 ($33,274.38). 8.20% of the stock is currently owned by company insiders.
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.
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