Crest Nicholson (LON:CRST) PT Raised to GBX 340

Crest Nicholson (LON:CRST) had its target price lifted by Berenberg Bank from GBX 320 ($4.18) to GBX 340 ($4.44) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a hold rating on the stock.

Several other analysts also recently issued reports on the company. Peel Hunt upgraded Crest Nicholson to a hold rating and boosted their price objective for the stock from GBX 305 ($3.99) to GBX 360 ($4.70) in a report on Tuesday, March 26th. Canaccord Genuity restated a hold rating and set a GBX 365 ($4.77) price objective on shares of Crest Nicholson in a report on Wednesday, May 15th. Liberum Capital restated a buy rating on shares of Crest Nicholson in a report on Tuesday, March 26th. JPMorgan Chase & Co. cut their price objective on Crest Nicholson from GBX 440 ($5.75) to GBX 400 ($5.23) and set a neutral rating on the stock in a report on Thursday, March 21st. Finally, HSBC boosted their price objective on Crest Nicholson from GBX 460 ($6.01) to GBX 510 ($6.66) and gave the stock a buy rating in a report on Tuesday, March 26th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 401.08 ($5.24).

Shares of Crest Nicholson stock opened at GBX 356.40 ($4.66) on Wednesday. The company has a current ratio of 4.16, a quick ratio of 0.88 and a debt-to-equity ratio of 29.47. Crest Nicholson has a 52 week low of GBX 275 ($3.59) and a 52 week high of GBX 422.40 ($5.52). The stock has a market capitalization of $915.17 million and a price-to-earnings ratio of 6.72.

The firm also recently announced a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be issued a GBX 11.20 ($0.15) dividend. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 3.14%. Crest Nicholson’s dividend payout ratio is 0.62%.

In other Crest Nicholson news, insider Octavia Morley bought 5,600 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were bought at an average price of GBX 356 ($4.65) per share, for a total transaction of £19,936 ($26,049.92). Also, insider Kevin Maguire sold 10,000 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of GBX 382 ($4.99), for a total value of £38,200 ($49,915.07).

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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