Crest Nicholson (LON:CRST) Earns Buy Rating from Peel Hunt

Crest Nicholson (LON:CRST)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a note issued to investors on Thursday, March 22nd. They currently have a GBX 675 ($9.66) target price on the stock. Peel Hunt’s price target indicates a potential upside of 39.18% from the company’s current price.

Several other equities analysts have also commented on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Crest Nicholson in a research report on Monday, December 18th. Barclays reissued an “overweight” rating and issued a GBX 662 ($9.48) price objective on shares of Crest Nicholson in a research report on Monday, December 18th. Shore Capital reissued a “buy” rating on shares of Crest Nicholson in a research report on Thursday, March 8th. Canaccord Genuity dropped their price objective on shares of Crest Nicholson from GBX 610 ($8.73) to GBX 600 ($8.59) and set a “buy” rating for the company in a research report on Thursday, January 25th. Finally, Deutsche Bank dropped their price objective on shares of Crest Nicholson from GBX 649 ($9.29) to GBX 593 ($8.49) and set a “hold” rating for the company in a research report on Thursday, November 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 610.50 ($8.74).

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CRST stock traded down GBX 1 ($0.01) on Thursday, hitting GBX 485 ($6.94). 1,912,707 shares of the company were exchanged, compared to its average volume of 1,510,000. Crest Nicholson has a twelve month low of GBX 466.81 ($6.68) and a twelve month high of GBX 648.50 ($9.29).



In related news, insider Robert Allen acquired 3,900 shares of Crest Nicholson stock in a transaction on Friday, January 26th. The shares were purchased at an average cost of GBX 507 ($7.26) per share, for a total transaction of £19,773 ($28,311.86). Also, insider Stephen Stone sold 232,889 shares of the stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of GBX 475 ($6.80), for a total transaction of £1,106,222.75 ($1,583,938.65).

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Crest Nicholson Company Profile

Crest Nicholson Holdings plc engages in 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.

Analyst Recommendations for Crest Nicholson (LON:CRST)

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