Martyn Clark, an insider at Crest Nicholson Holdings plc, acquired 113 shares of the company’s stock on December 10, 2023. The transaction was completed at an average price of GBX 132 per share, amounting to a total investment of £149.16. This purchase follows additional stock acquisitions made by Clark over the past two months, indicating his continued confidence in the firm.
On November 10, 2023, Clark purchased 91 shares at an average cost of GBX 124, totaling £112.84. Earlier, on October 10, he also bought 91 shares, this time at an average price of GBX 165, with a total value of £150.15. These investments reflect a strategic approach as the company navigates fluctuating market conditions.
Current Market Performance
As of the latest trading session, Crest Nicholson’s stock has shown some volatility. Shares opened at GBX 129.30 on December 15, 2023, down 1.5% from previous highs. The stock’s 12-month performance has seen a low of GBX 125.71 and a high of GBX 198.50, indicating a challenging year for the company. Crest Nicholson currently holds a market capitalization of £331.47 million with a price-to-earnings (P/E) ratio of -4.51 and a P/E/G ratio of 0.51.
The company’s financial ratios reveal a current ratio of 3.27, a quick ratio of 0.72, and a debt-to-equity ratio of 12.94. Additionally, the stock is trading below its moving averages, with a 50-day average at GBX 155.50 and a 200-day average at GBX 168.13.
Analyst Outlook and Ratings
Equity research analysts have recently provided mixed reviews regarding Crest Nicholson’s stock performance. Berenberg Bank reduced its price target from GBX 195 to GBX 180, maintaining a “hold” rating as of November 18, 2023. Meanwhile, Peel Hunt reiterated an “add” rating with a target price of GBX 190 on the same date.
In a separate report, Jefferies Financial Group adjusted its target for Crest Nicholson from GBX 254 to GBX 251, labeling the stock as a “buy.” Conversely, JPMorgan Chase & Co. lowered its target from GBX 190 to GBX 160, assigning a “neutral” rating in a report released on December 4, 2023.
Currently, two investment analysts rate Crest Nicholson with a “buy” recommendation, while two others suggest holding the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 195.25.
Crest Nicholson Holdings plc, established in 1963 and based in Addlestone, United Kingdom, specializes in the development and sale of residential properties, including apartments and houses. The company continues to adapt its strategies in a competitive market landscape.
