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Prices & Quotes - UK Markets - Crest Nicholson Holdings (CRST)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 239.00p
Change Today:
1.40p
Market Cap:
614.04m
Sector:
Household Goods & Home Construction

Canaccord stays at 'hold' on Crest Nicholson despite dividend cut

By Alexander Bueso

Date: Thursday 19 Mar 2020

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity reiterated their 'hold' recommendation for shares of Crest Nicholson after the homebuilder shelved its financial dividend.
Although "extreme", the company's moves to protect its cash and its balance sheet where a reflection of the situation in the which the economy and the sector found itself in.

As well, "while comfortable relative to others in the sector", its gearing was at the high end of range for its peers if one includes land creditors.

"All of the actions the Group is taking are sensible and expected given the circumstances," analyst Aynsley Lammin said.

Nonetheless, they conceded that the dividend, together with the low rate of unemployment in the UK, were the two main planks of the investment case foe the builder.

"The shares trade on a price to book multiple of c.0.75 times which is clearly pricing in a severe outcome but at this point it is impossible to quantify the ultimate impact of C-19 on the wider macro backdrop and company financials.

"Until there is more clarity on the duration and severity of this crisis, the shares are likely to remain under pressure."

The target price was also kept at 525.0p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CRST Market Data

Currency UK Pounds
Price 239.00p
Change Today 1.40p
52 Week High 519.00p
52 Week Low 164.50p
Volume 469,104
Shares Issued 256.92m
Market Cap 614.04m

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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P/E
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 3
Sell 0
Strong Sell 2
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRST Dividends

  Latest Previous
  Final Interim
Ex-Div n/a 19-Sep-19
Paid n/a 04-Oct-19
Amount 0.000p 11.20p

Trades for 21-Oct-2020

Time Volume / Share Price
16:35 117,408 @ 239.00p
16:29 5 @ 239.20p
16:29 96 @ 239.60p
16:29 521 @ 239.40p
16:29 48 @ 239.20p

CRST Key Personnel

CEO Peter Truscott
COO Tom Nicholson