You are here

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:
Down 179.40p
Change Today:
-1.00p
Market Cap:
460.92m
Sector:
Household Goods & Home Construction

Jefferies cuts Crest Nicholson to 'hold' in upbeat sector note

By Sean Farrell

Date: Friday 26 Jun 2020

LONDON (ShareCast) - (Sharecast News) - Jefferies cut its rating on Crest Nicholson shares to 'hold' because of the company's higher-risk profile but the broker was upbeat on the wider sector's prospects.
In a sector note, Jefferies said Crest Nicholson's margins would be squeezed by lower volumes and selling prices leading to earnings reductions. Jefferies downgaded the shares from 'buy' and reduced its price target to 226p from 331p.

Jefferies analyst Glynis Johnson left other recommendations in the sector unchanged and stuck to her top picks rated 'buy': Berkeley, Persimmon, Countryside and Redrow. She said share prices were building in a worse trading environment than was likely but that this would take time to be borne out.

"In a context where we believe investors will continue to shy away from stocks with perceived higher-risk profiles, we believe Crest's share price will continue to be a laggard relative to its peers, until firm evidence of margin improvement and cash conversion," Johnson said.

Johnson said share prices implied a fall of 10% or more for house prices which was overdone given factors underpinning valuations including government support.

"We believe with banks' willingness to lend on Help to Buy, strong buy vs rent economics, the greater priority of homes post lock-down, and decades of under-supply will continue to provide a resilient demand profile," she wrote in a note to clients.

Demand will be strongest from first-time buyers and for cheaper homes, favouring Persimmon, and for affordable homes, perhaps boosted by the next budget, favouring Countryside, she said.

Persimmon and Berkeley's ability to pay dividends is undervalued but Redrow and Bellway provide a better value opportunity in the sector as worries about stretched balance sheets recede, Johnson said.

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 179.40p
Change Today -1.00p
52 Week High 519.00p
52 Week Low 164.50p
Volume 508,400
Shares Issued 256.92m
Market Cap 460.92m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
EPS Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 4
Sell 0
Strong Sell 2
Total 10
neutral
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 25-Sep-2020

Time Volume / Share Price
16:35 146,070 @ 179.40p
16:29 400 @ 179.20p
16:28 468 @ 179.40p
16:28 666 @ 179.40p
16:28 49 @ 179.40p

CRST Key Personnel

CEO Peter Truscott
COO Tom Nicholson