Crest Nicholson (CRST) Posts Quarterly Earnings Results

Crest Nicholson (LON:CRST) issued its quarterly earnings data on Tuesday. The company reported GBX 23.80 ($0.32) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Crest Nicholson had a net margin of 17.08% and a return on equity of 27.35%.

CRST stock traded up GBX 3 ($0.04) during trading hours on Thursday, reaching GBX 427.80 ($5.70). The stock had a trading volume of 1,805,244 shares, compared to its average volume of 1,510,000. Crest Nicholson has a fifty-two week low of GBX 466.81 ($6.22) and a fifty-two week high of GBX 648.50 ($8.63).

The company also recently declared a dividend, which will be paid on Friday, October 5th. Shareholders of record on Thursday, September 20th will be paid a GBX 11.20 ($0.15) dividend. This represents a yield of 2.62%. The ex-dividend date is Thursday, September 20th.

In other news, insider Leslie Van de Walle purchased 12,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The stock was purchased at an average price of GBX 421 ($5.61) per share, for a total transaction of £50,520 ($67,261.35). Also, insider Stephen Stone sold 250,000 shares of the stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of GBX 483 ($6.43), for a total transaction of £1,207,500 ($1,607,642.12).

CRST has been the subject of a number of analyst reports. Numis Securities decreased their target price on shares of Crest Nicholson from GBX 595 ($7.92) to GBX 493 ($6.56) and set an “add” rating for the company in a research report on Wednesday. Peel Hunt decreased their target price on shares of Crest Nicholson from GBX 675 ($8.99) to GBX 660 ($8.79) and set a “buy” rating for the company in a research report on Thursday, April 19th. Shore Capital reaffirmed a “buy” rating on shares of Crest Nicholson in a research report on Thursday, March 22nd. Credit Suisse Group reaffirmed a “buy” rating and issued a GBX 530 ($7.06) target price on shares of Crest Nicholson in a research report on Tuesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Crest Nicholson from GBX 550 ($7.32) to GBX 500 ($6.66) and set a “neutral” rating for the company in a research report on Wednesday. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 567.44 ($7.55).

About Crest Nicholson

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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