Crest Nicholson Holdings PLC (LON:CRST) Given Consensus Recommendation of “Hold” by Brokerages

Crest Nicholson Holdings PLC (LON:CRST) has been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 403.56 ($5.27).

CRST has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Crest Nicholson in a research report on Tuesday, June 25th. Berenberg Bank raised their price target on Crest Nicholson from GBX 320 ($4.18) to GBX 340 ($4.44) and gave the company a “hold” rating in a research report on Wednesday, June 12th. Canaccord Genuity raised their price target on Crest Nicholson from GBX 365 ($4.77) to GBX 370 ($4.83) and gave the company a “hold” rating in a research report on Wednesday, June 12th. Shore Capital restated a “hold” rating on shares of Crest Nicholson in a research report on Thursday, June 20th. Finally, Liberum Capital restated a “buy” rating on shares of Crest Nicholson in a research report on Tuesday, July 9th.

Crest Nicholson stock traded down GBX 6.80 ($0.09) during midday trading on Tuesday, reaching GBX 356 ($4.65). The company’s stock had a trading volume of 556,304 shares, compared to its average volume of 1,510,000. Crest Nicholson has a fifty-two week low of GBX 275 ($3.59) and a fifty-two week high of GBX 410.80 ($5.37). The company has a market capitalization of $914.64 million and a price-to-earnings ratio of 6.72. The company’s 50 day simple moving average is GBX 358.24. The company has a quick ratio of 0.88, a current ratio of 4.16 and a debt-to-equity ratio of 29.47.

The business also recently disclosed a dividend, which will be paid on Friday, October 4th. Investors of record on Thursday, September 19th will be given a dividend of GBX 11.20 ($0.15) per share. This represents a yield of 3.14%. The ex-dividend date of this dividend is Thursday, September 19th. Crest Nicholson’s dividend payout ratio is presently 0.62%.

In related news, insider Octavia Morley acquired 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was purchased at an average price of GBX 356 ($4.65) per share, for a total transaction of £19,936 ($26,049.92).

Crest Nicholson Company Profile

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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