Liberum Capital Reiterates Buy Rating for Crest Nicholson (LON:CRST)

Liberum Capital reaffirmed their buy rating on shares of Crest Nicholson (LON:CRST) in a research note published on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently commented on CRST. UBS Group downgraded shares of to a neutral rating and cut their price objective for the stock from GBX 870 ($11.37) to GBX 650 ($8.49) in a research report on Wednesday, June 19th. Jefferies Financial Group upgraded shares of SALVATORE FERRA/ADR from an underperform rating to a hold rating in a research report on Tuesday, June 25th. Shore Capital restated a house stock rating on shares of in a research report on Thursday, June 20th. Peel Hunt restated a hold rating and set a GBX 935 ($12.22) price objective (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a research report on Tuesday. Finally, Numis Securities restated a buy rating and set a GBX 2,800 ($36.59) price objective on shares of in a research report on Thursday, June 13th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of GBX 399.42 ($5.22).

Shares of Crest Nicholson stock opened at GBX 368 ($4.81) on Tuesday. The stock has a market cap of $945.47 million and a P/E ratio of 6.94. The company has a debt-to-equity ratio of 29.47, a quick ratio of 0.88 and a current ratio of 4.16. Crest Nicholson has a one year low of GBX 275 ($3.59) and a one year high of GBX 410.80 ($5.37). The stock’s fifty day moving average price is GBX 358.04.

The business also recently declared a dividend, which will be paid on Friday, October 4th. Stockholders of record on Thursday, September 19th will be issued a GBX 11.20 ($0.15) dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 3.14%. Crest Nicholson’s dividend payout ratio is presently 0.62%.

In related news, insider Octavia Morley purchased 5,600 shares of the business’s stock in a transaction dated Tuesday, June 11th. The stock was acquired at an average price of GBX 356 ($4.65) per share, for a total transaction of £19,936 ($26,049.92).

Crest Nicholson Company Profile

Crest Nicholson Holdings plc builds homes in the United Kingdom. It develops apartments, houses, regeneration schemes, and garden villages; and commercial properties. The company serves first-time buyers, families, and investors. Crest Nicholson Holdings plc was founded in 1963 and is headquartered in Chertsey, the United Kingdom.

Further Reading: Why do analysts give a neutral rating?

Analyst Recommendations for Crest Nicholson (LON:CRST)

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