Crest Nicholson (LON:CRST) PT Lowered to GBX 215

Crest Nicholson (LON:CRST) had its price objective decreased by Berenberg Bank from GBX 280 ($3.64) to GBX 215 ($2.79) in a research note published on Tuesday, Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

Separately, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Crest Nicholson in a research report on Friday, July 5th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 216.40 ($2.81).

Crest Nicholson Stock Down 2.9 %

LON CRST traded down GBX 5.40 ($0.07) during trading on Tuesday, reaching GBX 182.40 ($2.37). 441,105 shares of the company’s stock traded hands, compared to its average volume of 1,501,172. Crest Nicholson has a 12-month low of GBX 152.70 ($1.98) and a 12-month high of GBX 272.40 ($3.54). The company has a debt-to-equity ratio of 13.12, a current ratio of 3.13 and a quick ratio of 0.72. The firm has a market cap of £467.53 million, a price-to-earnings ratio of -1,824.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The company’s 50 day simple moving average is GBX 196.48 and its two-hundred day simple moving average is GBX 217.51.

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.