Jefferies Financial Group upgraded shares of Crest Nicholson (LON:CRST) to a buy rating in a research note issued to investors on Thursday morning, Stock Target Advisor reports. They currently have GBX 388 ($5.10) target price on the stock, down from their prior target price of GBX 481 ($6.33).

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Crest Nicholson to an underweight rating and set a GBX 450 ($5.92) target price on the stock. in a report on Tuesday, February 4th. Liberum Capital reaffirmed a buy rating on shares of Crest Nicholson in a report on Thursday. Berenberg Bank lifted their target price on Crest Nicholson from GBX 370 ($4.87) to GBX 420 ($5.52) and gave the stock a hold rating in a report on Wednesday, February 5th. UBS Group lifted their target price on Crest Nicholson from GBX 385 ($5.06) to GBX 500 ($6.58) and gave the stock a neutral rating in a report on Tuesday, February 4th. Finally, Peel Hunt reaffirmed a hold rating on shares of Crest Nicholson in a report on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Crest Nicholson currently has an average rating of Hold and an average price target of GBX 448.82 ($5.90).

CRST traded up GBX 6.10 ($0.08) during midday trading on Thursday, hitting GBX 188.40 ($2.48). 8,427,306 shares of the company were exchanged, compared to its average volume of 1,510,000. The firm has a market capitalization of $484.04 million and a P/E ratio of 5.87. Crest Nicholson has a 1-year low of GBX 330 ($4.34) and a 1-year high of GBX 524 ($6.89). The firm’s 50 day moving average price is GBX 452.41 and its 200-day moving average price is GBX 413.09. The company has a quick ratio of 0.74, a current ratio of 3.47 and a debt-to-equity ratio of 15.61.

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

In other news, insider Iain Ferguson bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was acquired at an average cost of GBX 463 ($6.09) per share, with a total value of £46,300 ($60,905.02). Also, insider Peter Truscott sold 67,548 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of GBX 498 ($6.55), for a total value of £336,389.04 ($442,500.71).

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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