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Pin to quick picksCrest Nicholson Share News (CRST)

Share Price Information for Crest Nicholson (CRST)

London Stock Exchange
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Share Price: 227.80
Bid: 227.40
Ask: 228.00
Change: -1.00 (-0.44%)
Spread: 0.60 (0.264%)
Open: 222.20
High: 228.40
Low: 222.20
Prev. Close: 228.80
CRST Live PriceLast checked at -

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Berenberg more positive on UK homebuilders, upgrades Crest Nicholson and Redrow

Fri, 12th May 2023 08:17

(Sharecast News) - Analysts at Berenberg turned more positive on UK homebuilders, not least because the worst-case scenarios for house price deflation had been averted.

They also noted the relative improvement over recent months in sales rates, which supported pricing, even as modest build cost deflation was set to occur in 2024.

In particular, they upgraded their recommendations for shares of Crest Nicholson and Redrow, because their asset-backed valuations screened best within the group.

Affordability had also improved, estimating that mortgage payments had fallen to approximately 40% of a typical new homebuyers' earnings.

A "material" fall over time in average land prices was also anticipated, as were new government support measures for the new-build housing market before the end of the year.

The analysts marked up their target price for shares of Crest Nicholson from 220.0p to 310.0p and for Redrow from 466.0p to 643.0p.

More News
21 Aug 2023 16:49

LONDON MARKET CLOSE: FTSE 100 tips into red as housebuilders struggle

(Alliance News) - Stocks in London were lower at the close on Monday, with the FTSE 100 tipping into the red as its blue-chip housebuilders were hurt by less-than-stellar data from Rightmove and a profit warning from FTSE 250 peer Crest Nicholson.

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21 Aug 2023 12:04

LONDON MARKET MIDDAY: Crest Nicholson warning hits housing shares

(Alliance News) - Stock prices in London were mixed at midday Monday, after a profit warning from Crest Nicholson, as well as some poor data from Rightmove, rattled stocks in the housebuilding sector.

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21 Aug 2023 10:05

UK's Crest Nicholson warns on profit amid housing worries

Shares fall 14% to hit lowest level since Sept 2020

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21 Aug 2023 08:54

LONDON MARKET OPEN: Stocks mixed amid housebuilder sell-off

(Alliance News) - Stock prices in London opened mixed on Monday, as shares in housebuilders came under renewed pressure, following disappointing house price data and a concerning update from midcap-listed Crest Nicholson.

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21 Aug 2023 08:30

UK homebuilder shares tumble after Crest Nicholson cuts annual profit outlook

LONDON, Aug 21 (Reuters) - UK homebuilder shares tumbled on Monday, set for their biggest one-day drop in over six weeks, led by a 14.9% fall in Crest Nicholson shares which plunged after the residential housebuilder cut its full-year profit view.

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21 Aug 2023 07:49

TOP NEWS: Crest Nicholson cuts outlook as UK housing market worsens

(Alliance News) - Crest Nicholson Holdings PLC on Monday lowered profit guidance after warning that conditions in the housing market worsened over the course of the summer.

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21 Aug 2023 07:43

LONDON BRIEFING: Crest Nicholson lowers annual profit forecast

(Alliance News) - Stocks in London are called flat on Monday, with little in the way of economic data or company updates to reignite risk appetite.

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21 Aug 2023 07:02

Crest Nicholson lowers profit guidance as inflation, interest rates bite

(Sharecast News) - UK home builder Crest Nicholson lowered annual profit forecasts after a worsening of the housing market amid rising inflation and interest rates.

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9 Aug 2023 08:41

Britain's Bellway says new home sales to fall 'materially'

Aug 9 (Reuters) - Britain's Bellway said on Wednesday it would build fewer homes this year and warned that it expects sales completions to drop "materially" amid a sharp housing sector slowdown triggered by higher mortgage rates.

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19 Jul 2023 12:05

LONDON MARKET MIDDAY: Cooler UK inflation reading turbocharges stocks

(Alliance News) - Stock prices in London surged on Wednesday, with a cooler UK inflation reading lifting investor sentiment and taking pressure off the Bank of England.

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11 Jul 2023 09:22

UPDATE: Crest Nicholson finance chief Cooper to be Travis Perkins' CFO

Crest Nicholson Holdings PLC - Surrey-based housebuilder - Finance Director Duncan Cooper will step down next year to become chief financial officer at "another larger listed company". He will continue at Crest until January, and the firm has begun a process to find his replacement. Cooper joined in 2019.

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