Creston plc Given Positive Rating by Edison Group Analysts (CRE)
The analysts wrote, “Creston’s year-end trading update indicates that – as expected – the group had a good H2, with the improved H1 new business performance starting to deliver. H214 revenues were 3% up on H213 and 10% ahead of H114. Cash performance has been slightly better than we were anticipating and the group ended the year with cash of £7.5m. The route map for the new board structure is in place, with new CFO, Kathryn Herrick, formally taking over in July. Creston’s share valuation remains at a substantial discount to its peers, which we would expect to close as the growth strategy is clarified and expectations for financial performance are met.”
Creston plc (LON:CRE) opened at 109.40 on Wednesday. Creston plc has a one year low of GBX 81.00 and a one year high of GBX 113.00. The stock’s 50-day moving average is GBX 104.3 and its 200-day moving average is GBX 99.38. The company’s market cap is £66.0 million.
A number of other analysts have also recently weighed in on CRE. Analysts at Nplus1 Brewin reiterated a “buy” rating on shares of Creston plc in a research note on Wednesday. They now have a GBX 119 ($2.00) price target on the stock. Separately, analysts at N+1 Singer reiterated a “buy” rating on shares of Creston plc in a research note on Wednesday. They now have a GBX 119 ($2.00) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Creston plc in a research note on Thursday, March 20th. They now have a GBX 125 ($2.10) price target on the stock.
To view Edison Group’s full report, visit Edison Group’s official website.
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