Crest Nicholson (LON:CRST) Issues Earnings Results

Crest Nicholson (LON:CRST - Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 5.60 ($0.07) EPS for the quarter, Digital Look Earnings reports. Crest Nicholson had a negative return on equity of 3.17% and a negative net margin of 4.21%.

Crest Nicholson Stock Up 6.7 %

Shares of Crest Nicholson stock traded up GBX 10.90 ($0.14) during midday trading on Wednesday, hitting GBX 173.90 ($2.17). The company's stock had a trading volume of 2,564,966 shares, compared to its average volume of 2,005,221. The firm has a market capitalization of £445.74 million, a P/E ratio of -1,739.00, a PEG ratio of 0.51 and a beta of 2.00. The stock has a 50-day simple moving average of GBX 169.60 and a 200-day simple moving average of GBX 188.93. The company has a quick ratio of 0.72, a current ratio of 3.13 and a debt-to-equity ratio of 13.12. Crest Nicholson has a 1-year low of GBX 145.20 ($1.81) and a 1-year high of GBX 272.40 ($3.40).

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Berenberg Bank lowered their price objective on Crest Nicholson from GBX 280 ($3.49) to GBX 215 ($2.68) and set a "hold" rating for the company in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised Crest Nicholson to a "neutral" rating and boosted their price objective for the company from GBX 180 ($2.25) to GBX 190 ($2.37) in a report on Thursday, December 5th.

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.