Crest Nicholson lowers outlook

CREST NICHOLSON (CRST) – Construction Price: 148p -9.5% P/E: 16.7x Market Cap: £372m Yield: 2.2% Housebuilder Crest Nicholson, which seems to be in a perpetual restructuring process, said it had made good progress on inventory and costs as well as right-sizing its land bank, leading to a net debt position ‘at the better end’ of … Continue reading Crest Nicholson lowers outlook