Barclays PLC Reaffirms “Overweight” Rating for Crest Nicholson Holdings PLC (CRST)

Crest Nicholson Holdings PLC (LON:CRST)‘s stock had its “overweight” rating reiterated by research analysts at Barclays PLC in a research note issued to investors on Monday. They currently have a GBX 628 ($7.76) price target on the stock. Barclays PLC’s target price would suggest a potential upside of 16.40% from the company’s current price.

Several other brokerages have also weighed in on CRST. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Crest Nicholson Holdings PLC in a report on Friday. HSBC Holdings plc reiterated a “buy” rating and set a GBX 745 ($9.20) price objective on shares of Crest Nicholson Holdings PLC in a report on Wednesday, February 8th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 545 ($6.73) price objective on shares of Crest Nicholson Holdings PLC in a report on Wednesday, February 8th. Shore Capital reiterated a “buy” rating on shares of Crest Nicholson Holdings PLC in a report on Monday, January 9th. Finally, Peel Hunt dropped their price objective on shares of Crest Nicholson Holdings PLC from GBX 700 ($8.65) to GBX 690 ($8.52) and set a “buy” rating on the stock in a report on Monday, January 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 577 ($7.13).

Analyst Recommendations for Crest Nicholson Holdings PLC (LON:CRST)

Crest Nicholson Holdings PLC (LON:CRST) opened at 532.00 on Monday. Crest Nicholson Holdings PLC has a 12-month low of GBX 323.90 and a 12-month high of GBX 607.50. The company’s market cap is GBX 1.35 billion. The company’s 50-day moving average price is GBX 544.32 and its 200-day moving average price is GBX 478.74.

The firm also recently announced a dividend, which will be paid on Friday, April 7th. Investors of record on Thursday, March 16th will be issued a GBX 18.50 ($0.23) dividend. This represents a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, March 16th. This is a positive change from Crest Nicholson Holdings PLC’s previous dividend of $9.10.

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In related news, insider Patrick Bergin sold 53,581 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of GBX 530 ($6.55), for a total value of £283,979.30 ($350,721.63).

Crest Nicholson Holdings PLC Company Profile

Crest Nicholson Holdings plc is a United Kingdom-based residential developer operating in the Southern half of England. The Company’s product range varies from homes for first time buyers to large family homes, and includes a mixture of houses, apartments and supporting commercial premises as part of its developments.

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