Crest Nicholson Holdings PLC -18.8% potential downside indicated by JP Morgan Cazenove

Crest Nicholson Holdings PLC with ticker (LON:CRST) now has a potential downside of -18.8% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 150 GBX for the company, which when compared to the Crest Nicholson Holdings PLC share price of 185 GBX at opening today (18/07/2023) indicates a potential downside of -18.8%. Trading has ranged between 171 (52 week low) and 285 (52 week high) with an average of 1,067,589 shares exchanging hands daily. The market capitalisation at the time of writing is £490,012,658.

Crest Nicholson Holdings plc is a United Kingdom-based residential housebuilder operating across England. The Company operates across the market, creating homes for private sale, homes and private rental properties. The Company has seven housebuilding divisions: southwest, south, Chiltern, Midlands, East Anglia, eastern and Yorkshire. All divisions are engaged in residential-led, mixed-use developments in the United Kingdom. The Company’s services include deposit unlock, home reach, first homes, smoothmove, part exchange, deposit booster, mortgage updates and stamp duty. The Company also operates a dedicated Partnerships and Strategic Land division which provides expertise in working with its key partners and managing the acquisition of strategic land.