Crest Nicholson Holdings (CRST)

Sector:

Household Goods

Index:

FTSE 250

407.20p
   
  • Change Today:
      0.60p
  • 52 Week High: 463.80
  • 52 Week Low: 166.10
  • Currency: UK Pounds
  • Shares Issued: 342.56m
  • Volume: 233,734
  • Market Cap: £1,394.91m
  • RiskGrade: 30

Liberum backs housebuilders, names Persimmon and Taylor Wimpey top picks

By Abigail Townsend

Date: Monday 05 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Liberum has named Persimmon and Taylor Wimpey as two of its top picks, after a recent sell-off created an "attractive" buying opportunity among housebuilders.
In a note published on Monday, the broker said it saw "material upside in Persimmon and Taylor Wimpey", both of which have 'buy' ratings and price targets of 3,400p and 195p respectively.

It continued: "The recent sell-off offers an attractive buying opportunity. We expect a further round of upgrades in the next month to be a catalyst for the sector. Positive updates from the six housebuilders scheduled to report in the next month should reassure investors that trading remains strong, and the Stamp Duty holiday has not been the main driver of demand.

"We continue to find good value in the sector, as it now trades 1.7x 12-month forward price to net asset value compared to 2.1x before the pandemic. We favour Persimmon and Taylor Wimpey among the large caps, but find value more widely in the smaller householders.

"We forecast earnings to increase by 6% per annum in 2021-24, with a dividend yield of 6% in December 2022."

Among the smaller housebuilders, Liberum flagged Bellway, MJ Gleeson, Redrow and Vistry. All have 'buy' recommendations, with price targets of 4,075p, 1,060p, 800p and 1,530p, respectively.

Liberum has 'hold' ratings on Berkeley and Crest Nicholson, and a 'buy' recommendation on Barratt Developments.

Vistry, Persimmon, MJ Gleeson, Barratt, Taylor Wimpey and Bellway are all due to post updates in the coming weeks.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRST Market Data

Currency UK Pounds
Share Price 407.20p
Change Today 0.60p
% Change 0.15 %
52 Week High 463.80
52 Week Low 166.10
Volume 233,734
Shares Issued 342.56m
Market Cap £1,394.91m
RiskGrade 30

CRST Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.53% above the market average81.53% above the market average81.53% above the market average81.53% above the market average81.53% above the market average
20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average20.00% above the sector average
Price Trend
54.55% above the market average54.55% above the market average54.55% above the market average54.55% above the market average54.55% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Income
42.36% above the market average42.36% above the market average42.36% above the market average42.36% above the market average42.36% above the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average
Growth
94.03% below the market average94.03% below the market average94.03% below the market average94.03% below the market average94.03% below the market average
76% below the sector average76% below the sector average76% below the sector average76% below the sector average76% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 5
Sell 0
Strong Sell 2
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRST Dividends

  Latest Previous
  Interim Final
Ex-Div 23-Sep-21 n/a
Paid 14-Oct-21 n/a
Amount 4.10p 0.000p

Trades for 21-Sep-2021

Time Volume / Share Price
16:35 131,501 @ 407.20p
16:29 103 @ 405.00p
16:29 62 @ 405.00p
16:29 62 @ 405.00p
16:29 5 @ 405.40p

CRST Key Personnel

CEO Peter Truscott
COO Tom Nicholson

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