Crest Nicholson (CRST) Coverage Initiated at Berenberg Bank

Berenberg Bank initiated coverage on shares of Crest Nicholson (LON:CRST) in a research note released on Wednesday, July 25th. The brokerage issued a hold rating and a GBX 440 ($5.70) price target on the stock.

CRST has been the topic of several other research reports. Shore Capital restated a buy rating on shares of Crest Nicholson in a report on Tuesday, June 12th. Peel Hunt restated a hold rating on shares of Crest Nicholson in a report on Tuesday, June 12th. Credit Suisse Group reiterated a buy rating and issued a GBX 530 ($6.86) target price on shares of Crest Nicholson in a research note on Tuesday, June 12th. Numis Securities reduced their price target on shares of Crest Nicholson from GBX 595 ($7.70) to GBX 493 ($6.38) and set an add rating for the company in a research report on Wednesday, June 13th. Finally, Liberum Capital assumed coverage on shares of Crest Nicholson in a research report on Thursday, June 21st. They set a buy rating and a GBX 528 ($6.83) price target for the company. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 535.50 ($6.93).

Shares of Crest Nicholson opened at GBX 375.40 ($4.86) on Wednesday, MarketBeat Ratings reports. Crest Nicholson has a 1 year low of GBX 466.81 ($6.04) and a 1 year high of GBX 648.50 ($8.39).

Crest Nicholson (LON:CRST) last issued its quarterly earnings results on Tuesday, June 12th. The company reported GBX 23.80 ($0.31) earnings per share (EPS) for the quarter. Crest Nicholson had a net margin of 17.08% and a return on equity of 27.35%.

The firm also recently declared a dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be given a dividend of GBX 11.20 ($0.14) per share. This represents a yield of 2.62%. The ex-dividend date of this dividend is Thursday, September 20th.

In other Crest Nicholson news, insider Leslie Van de Walle purchased 12,000 shares of Crest Nicholson stock in a transaction on Tuesday, June 12th. The shares were acquired at an average cost of GBX 421 ($5.45) per share, for a total transaction of £50,520 ($65,398.06).

Crest Nicholson Company Profile

Crest Nicholson Holdings plc engages in 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.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for Crest Nicholson (LON:CRST)

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