Crest Nicholson (LON:CRST) Downgraded by Berenberg Bank to “Hold”

Crest Nicholson (LON:CRST) was downgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 280 ($3.60) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 5.30% from the company’s current price.

Several other equities analysts have also issued reports on CRST. Royal Bank of Canada upped their price target 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. reiterated an “underweight” rating on shares of Crest Nicholson in a report on Friday, July 5th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 229.40 ($2.95).

Crest Nicholson Price Performance

Crest Nicholson stock opened at GBX 265.90 ($3.42) on Wednesday. The company has a debt-to-equity ratio of 12.16, a quick ratio of 0.72 and a current ratio of 3.33. The firm has a market cap of £683.15 million, a P/E ratio of 3,798.59, a P/E/G ratio of 0.51 and a beta of 1.93. The business’s fifty day moving average is GBX 245.50 and its two-hundred day moving average is GBX 218.93. Crest Nicholson has a 52 week low of GBX 152.70 ($1.96) and a 52 week high of GBX 272.40 ($3.50).

Insider Activity

In other news, insider Martyn Clark sold 10,347 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of GBX 250 ($3.22), for a total value of £25,867.50 ($33,274.38). Insiders own 8.20% of the company’s stock.

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.