By Michele Maatouk
Date: Wednesday 05 Feb 2025
LONDON (ShareCast) - (Sharecast News) - Investec upgraded its stance on housebuilder Crest Nicholson on Wednesday to 'buy' from 'hold'.
It said that while the group continues to face challenges with relatively poor near-term financial metrics, these look to be largely priced into the shares.
"With more certainty and confidence around the balance sheet and a management team about to set and focus on a revised growth strategy, we believe the shares look more attractive and we upgrade to buy," Investec said.
At 1605 GMT, the shares were up 6.3% at 173.33p.
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| Currency | UK Pounds |
| Share Price | 138.10p |
| Change Today | -2.70p |
| % Change | -1.92 % |
| 52 Week High | 197.00p |
| 52 Week Low | 128.00p |
| Volume | 443,029 |
| Shares Issued | 256.94m |
| Market Cap | £354.83m |
| RiskGrade | 30 |
| Value |
|
|---|
| Price Trend |
|
|---|
| Income |
|
|---|
| Growth |
|
|---|
| Strong Buy | 4 |
| Buy | 1 |
| Neutral | 6 |
| Sell | 0 |
| Strong Sell | 0 |
| Total | 11 |

| Latest | Previous | |
|---|---|---|
| Interim | Final | |
| Ex-Div | 18-Sep-25 | 27-Mar-25 |
| Paid | 10-Oct-25 | 25-Apr-25 |
| Amount | 1.30p | 1.20p |
| Time | Volume / Share Price |
| 14:14 | 1 @ 138.10p |
| 14:13 | 1 @ 138.10p |
| 14:13 | 14,440 @ 137.77p |
| 14:13 | 128 @ 137.50p |
| 14:13 | 560 @ 137.70p |
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