Crest Nicholson Holdings (CRST.L) 31-03-20
Shares in Crest Nicholson Holdings (CRST.L) have fallen dramatically from recent highs of 519.0p. Will it continue, or is this an opportunity to pick up a bargain?
- This stock is one of the more significant fallers in the period. It has not yet recovered in line with the wider UK Market.
- Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
- Is the trend your friend, or is a bounce imminent?
- The market often over-reacts to bad news. Traders should consider whether it is down for good reason, or is this another over-reaction?
- Now trading at 183.3p (at time of writing). A return to previous highs would represent a rise of 183%.
- Shares -64% from 12-month highs; +0% from 12 month lows.
09:50: JP Morgan Cazenove reiterates its underweight rating on Crest Nicholson Holdings Plc (CRST) and reduced the target price to 180p (from 450p).
27 Mar: UBS reiterates its neutral rating on Crest Nicholson Holdings Plc (CRST) and reduced the target price to 220p (from 500p).
24 Mar: Jefferies International reiterates its buy rating on Crest Nicholson Holdings Plc (CRST) and reduced the target price to 362p (from 388p).
19 Mar: Crest Nicholson, the builder, said it would not pay a dividend and withdrew earnings estimates as it anticipates that United Kingdom government actions to prevent the Covid-19 spread would have significant implications for its business.
16 Mar: Peter Truscott, Chief Executive Officer, bought 30,000 shares within the firm on the 16th March 2020 at a price of 311.16p. This Director currently has 166,171 shares.
20 Feb: HSBC reiterates its buy rating on Crest Nicholson Holdings Plc (CRST) and reduced the target price to 660p (from 690p).
06 Feb: Peter Truscott, Chief Executive Officer, has transferred in 143,719 shares within the firm on the 3rd February 2020. This Director currently has 203,719 shares.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires