Investec upgraded its stance on housebuilder Crest Nicholson on Wednesday to ‘buy’ from ‘hold’.
Crest Nicholson Holdings
05 February 2025 16:15:39
Source: Sharecast
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.
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