RE: Second day of heavy fall18 Mar 2021 22:08
i think this is the reason for two days of drop in share price and i am not happy ,
(Sharecast News) - UBS downgraded its stance on shares of Persimmon and Crest Nicholson on Thursday as it took a look at the UK housebuilding sector.
The bank cut Persimmon to 'neutral' from 'buy' and Crest Nicholson to 'sell' from 'neutral', reducing the target prices to 2,915p from 3,070p and to 315p from 320p, respectively.
Meanwhile, UBS said Crest Nicholson looks expensive, in particular relative to other mid-caps, and "seems to more than price in a margin recovery towards the peer average despite execution risk".