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Crest Nicholson Holdings ( (GB:CRST) ) has provided an update.
Crest Nicholson Holdings PLC has reported progress on its strategic priorities, particularly in land sales, as part of its Project Elevate transformation plan. Despite facing a subdued housing market and uncertainties in government tax policy, the company has managed to maintain a strong balance sheet and expects its adjusted profit before tax for FY25 to be at the low end of guidance. The company has also made strides in improving build quality, sales performance, and customer satisfaction, while securing key planning wins to support future growth.
The most recent analyst rating on (GB:CRST) stock is a Hold with a £167.00 price target. To see the full list of analyst forecasts on Crest Nicholson Holdings stock, see the GB:CRST Stock Forecast page.
Spark’s Take on GB:CRST Stock
According to Spark, TipRanks’ AI Analyst, GB:CRST is a Neutral.
Crest Nicholson Holdings is facing significant financial challenges, with declining revenues and profitability issues being the most impactful factors. The technical analysis provides some neutral signals, but the valuation remains a concern due to the negative P/E ratio. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:CRST stock, click here.
More about Crest Nicholson Holdings
Crest Nicholson Holdings PLC is a prominent player in the residential property development industry, focusing on creating mid-premium housing options. The company is engaged in land acquisition, property development, and sales, with a strategic emphasis on enhancing its land bank and improving operational efficiencies.
Average Trading Volume: 919,047
Technical Sentiment Signal: Sell
Current Market Cap: £425.5M
For an in-depth examination of CRST stock, go to TipRanks’ Overview page.