Martyn Clark, an insider at Crest Nicholson Holdings plc, purchased 113 shares of the company on December 10, 2023. The shares were acquired at an average price of GBX 132 each, resulting in a total investment of £149.16. This acquisition comes as Crest Nicholson faces a decline in its stock price.
In addition to this recent purchase, Clark has been active in the market over the past month. On November 10, he bought 91 shares at an average cost of GBX 124, totaling £112.84. Earlier, on October 10, he acquired another 91 shares at an average price of GBX 165, with a total value of £150.15.
Current Market Performance
As of December 10, Crest Nicholson shares opened at GBX 129.30. The stock has experienced a 12-month low of GBX 125.71 and a high of GBX 198.50. Presently, the company has a market capitalization of approximately £331.47 million. Financial metrics reveal a PE ratio of -4.51, a P/E/G ratio of 0.51, and a beta of 2.00. Additionally, Crest Nicholson maintains a current ratio of 3.27, a quick ratio of 0.72, and a debt-to-equity ratio of 12.94. Its 50-day moving average stands at GBX 155.50, while the 200-day moving average is GBX 168.13.
Analyst Ratings and Future Outlook
Wall Street analysts have recently revised their price targets for Crest Nicholson. On November 18, Berenberg Bank lowered its target from GBX 195 to GBX 180, assigning a “hold” rating. Peel Hunt maintained an “add” rating but set a target price of GBX 190 for the shares.
Further adjustments came from Jefferies Financial Group, which reduced its target from GBX 254 to GBX 251, with a “buy” recommendation. Meanwhile, JPMorgan Chase & Co. cut its price target from GBX 190 to GBX 160, assigning a “neutral” rating in a report released on December 4.
Currently, two investment analysts rate Crest Nicholson as a “buy,” while two others suggest holding the stock. According to MarketBeat, the consensus rating is “Moderate Buy,” with an average price target of GBX 195.25.
Founded in 1963 and headquartered in Addlestone, the United Kingdom, Crest Nicholson specializes in developing residential properties across the UK. The company focuses on building and selling apartments, houses, and commercial properties, positioning itself as a significant player in the regional housing market.