Crest Nicholson (LON:CRST) was downgraded by stock analysts at Liberum Capital to a “hold” rating in a note issued to investors on Wednesday. They presently have a GBX 331 ($4.33) target price on the stock, down from their previous target price of GBX 528 ($6.90). Liberum Capital’s price objective indicates a potential upside of 9.25% from the company’s previous close.
CRST has been the topic of a number of other research reports. Deutsche Bank reduced their target price on Crest Nicholson from GBX 524 ($6.85) to GBX 506 ($6.61) and set a “hold” rating on the stock in a report on Thursday, August 30th. Berenberg Bank assumed coverage on Crest Nicholson in a report on Wednesday, July 25th. They issued a “hold” rating and a GBX 440 ($5.75) target price on the stock. Barclays reaffirmed an “equal weight” rating and issued a GBX 438 ($5.72) target price (down previously from GBX 540 ($7.06)) on shares of Crest Nicholson in a report on Wednesday, September 12th. Finally, Peel Hunt reissued a “hold” rating on shares of Crest Nicholson in a report on Wednesday, October 10th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 462.83 ($6.05).
Shares of CRST stock opened at GBX 302.98 ($3.96) on Wednesday. Crest Nicholson has a fifty-two week low of GBX 466.81 ($6.10) and a fifty-two week high of GBX 648.50 ($8.47).
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.
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