Crest Nicholson (LON:CRST) Trading 7.2% Higher – What’s Next?

Crest Nicholson Holdings plc (LON:CRST) was up 7.2% during mid-day trading on Thursday . The company traded as high as GBX 165.90 ($2.16) and last traded at GBX 163.20 ($2.12). Approximately 29,522,041 shares changed hands during trading, an increase of 1,090% from the average daily volume of 2,480,464 shares. The stock had previously closed at GBX 152.20 ($1.98).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised Crest Nicholson to a “neutral” rating and raised their target price for the stock from GBX 180 ($2.34) to GBX 190 ($2.47) in a research report on Thursday, December 5th.

Crest Nicholson Trading Up 12.0 %

The company has a market capitalization of £437.29 million, a PE ratio of -16.41, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The company has a quick ratio of 0.72, a current ratio of 3.27 and a debt-to-equity ratio of 12.94. The stock’s fifty day moving average price is GBX 163.74 and its two-hundred day moving average price is GBX 171.69.

Crest Nicholson (LON:CRST) last posted its quarterly earnings data on Tuesday, February 4th. The company reported GBX 5.60 ($0.07) earnings per share (EPS) for the quarter. Crest Nicholson had a negative return on equity of 3.47% and a negative net margin of 4.21%. Sell-side analysts anticipate that Crest Nicholson Holdings plc will post 9.0980939 earnings per share for the current year.

Crest Nicholson Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a yield of 0.78%. This is a boost from Crest Nicholson’s previous dividend of $1.00. Crest Nicholson’s dividend payout ratio is currently -125.16%.

Insider Buying and Selling

In other news, insider William Floydd purchased 11,024 shares of the business’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of GBX 157 ($2.04) per share, for a total transaction of £17,307.68 ($22,515.52). 9.46% of the stock is currently owned by corporate insiders.

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.