Berenberg Bank Reaffirms “Buy” Rating for Crest Nicholson (LON:CRST)

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 280 ($3.57) price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 12.18% from the stock’s previous close.

A number of other research firms have also weighed in on CRST. Jefferies Financial Group reissued a “hold” rating and issued a GBX 237 ($3.02) target price on shares of Crest Nicholson in a research note on Wednesday, March 20th. JPMorgan Chase & Co. raised their price target on shares of Crest Nicholson from GBX 160 ($2.04) to GBX 180 ($2.29) and gave the stock an “underweight” rating in a report on Friday, April 12th.

Crest Nicholson Stock Up 8.1 %

Shares of LON CRST opened at GBX 249.60 ($3.18) on Friday. Crest Nicholson has a 52-week low of GBX 152.70 ($1.94) and a 52-week high of GBX 255 ($3.25). The firm has a market cap of £641.27 million, a price-to-earnings ratio of 3,570.71, a price-to-earnings-growth ratio of 0.51 and a beta of 1.93. The company has a quick ratio of 0.72, a current ratio of 3.33 and a debt-to-equity ratio of 12.16. The company’s 50-day simple moving average is GBX 211.11 and its 200-day simple moving average is GBX 209.90.

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.