Berenberg Bank Cuts Crest Nicholson (LON:CRST) Price Target to GBX 215

Crest Nicholson (LON:CRST - Get Free Report) had its price target decreased by Berenberg Bank from GBX 280 ($3.64) to GBX 215 ($2.79) in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a "hold" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 17.87% from the stock's current price.

Separately, JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Crest Nicholson in a report on Friday, July 5th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 216.40 ($2.81).

Crest Nicholson Stock Down 2.9 %

LON CRST traded down GBX 5.40 ($0.07) during trading on Tuesday, hitting GBX 182.40 ($2.37). 438,611 shares of the company traded hands, compared to its average volume of 1,501,172. Crest Nicholson has a 12 month low of GBX 152.70 ($1.98) and a 12 month high of GBX 272.40 ($3.54). The business has a fifty day simple moving average of GBX 195.81 and a 200 day simple moving average of GBX 217.26. The company has a market capitalization of £467.53 million, a P/E ratio of -1,824.00, a PEG ratio of 0.51 and a beta of 2.00. The company has a current ratio of 3.13, a quick ratio of 0.72 and a debt-to-equity ratio of 13.12.

Crest Nicholson Company Profile

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.