Peel Hunt reiterated their hold rating on shares of Crest Nicholson (LON:CRST) in a research report released on Thursday morning, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Crest Nicholson to an underweight rating and set a GBX 450 ($5.92) price objective on the stock. in a research note on Tuesday, February 4th. Deutsche Bank cut shares of Crest Nicholson to a sell rating and cut their price objective for the company from GBX 371 ($4.88) to GBX 368 ($4.84) in a research note on Tuesday, January 14th. Credit Suisse Group assumed coverage on shares of Crest Nicholson in a research note on Tuesday, February 4th. They set an underperform rating and a GBX 445 ($5.85) price objective on the stock. Canaccord Genuity reaffirmed a hold rating and set a GBX 435 ($5.72) target price on shares of Crest Nicholson in a report on Tuesday, January 28th. Finally, HSBC lowered their target price on Crest Nicholson from GBX 690 ($9.08) to GBX 660 ($8.68) and set a buy rating on the stock in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Crest Nicholson has an average rating of Hold and a consensus price target of GBX 448.82 ($5.90).

Shares of LON CRST traded up GBX 6.10 ($0.08) during midday trading on Thursday, reaching GBX 188.40 ($2.48). 8,427,306 shares of the company traded hands, compared to its average volume of 1,510,000. Crest Nicholson has a 52 week low of GBX 330 ($4.34) and a 52 week high of GBX 524 ($6.89). The stock has a 50-day moving average price of GBX 452.41 and a 200 day moving average price of GBX 413.09. The company has a debt-to-equity ratio of 15.61, a current ratio of 3.47 and a quick ratio of 0.74. The company has a market cap of $484.04 million and a price-to-earnings ratio of 5.87.

The company also recently announced a dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be issued a dividend of GBX 21.80 ($0.29) per share. This is a positive change from Crest Nicholson’s previous dividend of $11.20. This represents a yield of 4.61%. The ex-dividend date is Thursday, March 19th. Crest Nicholson’s payout ratio is presently 1.03%.

In related news, insider Iain Ferguson purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were purchased at an average price of GBX 463 ($6.09) per share, with a total value of £46,300 ($60,905.02). Also, insider Leslie Van de Walle sold 16,000 shares of Crest Nicholson stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of GBX 497 ($6.54), for a total value of £79,520 ($104,604.05).

About Crest Nicholson

Crest Nicholson Holdings plc 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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Analyst Recommendations for Crest Nicholson (LON:CRST)

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