Crest Nicholson (LON:CRST) Posts Earnings Results

Crest Nicholson (LON:CRST) posted its quarterly earnings results on Tuesday. The company reported GBX 5.60 ($0.07) earnings per share for the quarter, Digital Look Earnings reports. Crest Nicholson had a negative return on equity of 3.17% and a negative net margin of 4.21%.

Crest Nicholson Trading Up 0.3 %

Crest Nicholson stock traded up GBX 0.60 ($0.01) during trading hours on Thursday, hitting GBX 174.50 ($2.18). The stock had a trading volume of 705,045 shares, compared to its average volume of 1,955,214. Crest Nicholson has a one year low of GBX 145.20 ($1.82) and a one year high of GBX 272.40 ($3.41). The company has a quick ratio of 0.72, a current ratio of 3.13 and a debt-to-equity ratio of 13.12. The stock has a market cap of £447.28 million, a price-to-earnings ratio of -1,745.00, a P/E/G ratio of 0.51 and a beta of 2.00. The business’s 50 day simple moving average is GBX 169.60 and its 200-day simple moving average is GBX 188.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CRST shares. JPMorgan Chase & Co. upgraded Crest Nicholson to a “neutral” rating and increased their price target for the company from GBX 180 ($2.25) to GBX 190 ($2.38) in a research note on Thursday, December 5th. Berenberg Bank lowered their price objective on Crest Nicholson from GBX 280 ($3.50) to GBX 215 ($2.69) and set a “hold” rating on the stock in a research report on Tuesday, October 22nd.

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.