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

Crest Nicholson (LON:CRST) had its price objective dropped by investment analysts at Berenberg Bank from GBX 280 ($3.64) to GBX 215 ($2.79) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 17.87% from the company’s current price.

Separately, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Crest Nicholson in a report on Friday, July 5th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of GBX 216.40 ($2.81).

Crest Nicholson Stock Performance

LON:CRST opened at GBX 182.40 ($2.37) on Tuesday. Crest Nicholson has a 52-week low of GBX 152.70 ($1.98) and a 52-week high of GBX 272.40 ($3.54). The business’s fifty day moving average is GBX 195.81 and its 200 day moving average is GBX 217.26. The company has a debt-to-equity ratio of 13.12, a quick ratio of 0.72 and a current ratio of 3.13. The firm has a market cap of £467.53 million, a price-to-earnings ratio of -1,824.00, a PEG ratio of 0.51 and a beta of 2.00.

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.