Cross Nicholson (LON:CRST – get ranked) Analysts at Berenberg Bank cut their price target from £250 ($2.96) to £220 ($2.60) in a research note released to investors on Friday, LSE.Co.UK reported. The brokerage is currently rated Hold on the stock. Berenberg Bank’s target price indicates a potential decline of 2.85% from the current share price.
CRST has been the subject of a number of other reports. JPMorgan Chase & Co. downgraded Crest Nicholson to “underrated” in a research note on Wednesday, September 21st. Deutsche Bank Aktiengesellschaft reaffirmed its buy recommendation and posted a target price of £235 ($2.78) for Crest Nicholson shares in a research report released on Friday 18 November. One stock analyst gave the stock a sell rating, one gave it a hold rating, and four gave the stock a buy rating. The stock has a Moderate Buy consensus rating and an average target price of £337.50 ($3.99), according to MarketBeat.com.
Crest Nicholson shares fell 0.5%
CRST shares opened on Friday at £226.44 ($2.68). The 50 day simple moving average is £204.12 and the 200 day simple moving average is £235.59. The company has a debt to equity ratio of 12.05, a quick ratio of 0.72 and a current ratio of 2.77. Crest Nicholson has a twelve-month low of £170.50 ($2.02) and a twelve-month high of £379.80 ($4.49). The company has a market capitalization of £581.78m and a price-to-earnings ratio of -1,132.22.
Insider trading at Crest Nicholson
In other news, insider David Arnold purchased 10,750 shares of the firm in a deal dated Friday, September 30th. The shares were purchased at an average price of £184 ($2.18) per share for a total value of £19,780 ($23,388.91). In other news, insider David Arnold purchased 10,750 shares of the firm in a deal dated Friday, September 30th. The shares were purchased at an average price of £184 ($2.18) per share for a total value of £19,780 ($23,388.91). In addition, insider Ian Ferguson purchased 20,000 shares of the firm in a deal dated Tuesday, October 4th. The shares were purchased at an average price of £199 ($2.35) per share for a total transaction value of £39,800 ($47,061.61). In the last quarter, insiders bought 115,750 shares of the company worth $25,338,000.
Crest Nicholson Profile
Crest Nicholson Holdings plc builds residential buildings in the United Kingdom. The company is engaged in the construction and sale of apartments, houses and commercial real estate. It caters to new buyers, families and investors. The company was founded in 1963 and is headquartered in Chertsey, UK.
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