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.

Latest News

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

Click to enlarge