Shares of Crest Nicholson Holdings plc (LON:CRST - Get Free Report) rose 7.2% on Thursday . The company traded as high as GBX 165.90 ($2.14) and last traded at GBX 163.20 ($2.11). Approximately 29,522,041 shares changed hands during trading, an increase of 1,090% from the average daily volume of 2,480,464 shares. The stock had previously closed at GBX 152.20 ($1.97).
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. raised shares of Crest Nicholson to a "neutral" rating and increased their price target for the stock from GBX 180 ($2.32) to GBX 190 ($2.45) in a research report on Thursday, December 5th.
Read Our Latest Stock Analysis on Crest Nicholson
Crest Nicholson Stock Performance
The company's 50-day moving average is GBX 164.04 and its two-hundred day moving average is GBX 171.11. The stock has a market capitalization of £424.99 million, a P/E ratio of -15.95, a P/E/G ratio of 0.51 and a beta of 2.00. The company has a current ratio of 3.27, a quick ratio of 0.72 and a debt-to-equity ratio of 12.94.
Crest Nicholson (LON:CRST - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported GBX 5.60 ($0.07) EPS for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. As a group, sell-side analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 EPS for the current fiscal year.
Crest Nicholson Increases Dividend
The business also recently announced a dividend, which will be paid on Friday, April 25th. Investors of record on Thursday, March 27th will be issued a GBX 1.20 ($0.02) dividend. This represents a dividend yield of 0.78%. This is a boost from Crest Nicholson's previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, March 27th. Crest Nicholson's payout ratio is presently -125.16%.
Insider Activity at Crest Nicholson
In other Crest Nicholson news, insider William Floydd bought 11,024 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of GBX 157 ($2.03) per share, with a total value of £17,307.68 ($22,349.79). 9.46% of the stock is currently owned by corporate insiders.
About Crest Nicholson
(
Get Free Report)
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.
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