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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

London Stock Exchange
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Share Price: 149.35
Bid: 149.20
Ask: 149.30
Change: 0.45 (0.30%)
Spread: 0.10 (0.067%)
Open: 148.05
High: 149.60
Low: 147.95
Prev. Close: 148.90
TW. Live PriceLast checked at -

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Berenberg praises UK construction firms following strong start to the year

Wed, 06th Mar 2019 10:25

(Sharecast News) - Analysts at Berenberg took a fresh look at the British construction sector on Wednesday, reiterating its positive stance on UK housebuilders after a strong start to the year.Berenberg said underlying positive trends and strong sales rates have caused consensus estimates to tick up around 3%, while lending trends remained supportive and margins were being largely maintained.The German bank also stated the sector's cash story continued to "roll on" and said it expects the sector to return 22% of its market capitalisation over the next three years via dividends and buybacks.In terms of individual companies, Berenberg said it preference list "remains unchanged", even after the strong start to 2019.The broker said it continues to prefer exposure to those companies with flexibility around the margin, such as Barratt Developments and Bovis, exemplary track records and compelling valuations, like Bellway, and those like Taylor Wimpey, and MJ Gleeson, which have the ability to materially increase volumes on a multi-year view."We would be most wary of exposure to those companies that are overexposed to a secondary market that is structurally challenged (Crest Nicholson, and McCarthy & Stone)," said Berenberg.Berenberg reiterated its 'buy' rating on Taylor Wimpey and Bovis but dropped its price target on the former to 200p from 210p.As far as Persimmon was concerned, Berenberg stood by its 'hold' rating but opted to cut its target price to 2,630p from 2,670p.
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Jefferies downgrades Crest Nicholson, ups Persimmon

(Sharecast News) - Jefferies has upgraded Persimmon and cut its rating on Crest Nicholson following a review of UK housebuilders.

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15 Jan 2024 12:04

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12 Jan 2024 08:20

UK's Vistry upbeat on 2024 as demand for affordable homes picks up

Says current forward sales up 12.4% year-on-year

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11 Jan 2024 16:34

London close: Stocks fall as US inflation comes in hot

(Sharecast News) - London's stock markets closed in the red on Thursday, reversing earlier gains after US consumer inflation came in hotter than expected.

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UK builder Taylor Wimpey warns of tough market despite drop in mortgage rates

Reiterates 2023 operating profit forecast

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TOP NEWS: Taylor Wimpey order book and profits hit by tough market

(Alliance News) - Taylor Wimpey PLC on Thursday said that "sharp operational focus" had allowed them to survive the year's challenging market conditions, but said that the near-term outlook remains uncertain.

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(Alliance News) - Stocks in London are tipped for a strong start on Thursday, as global equity markets benefit from optimism ahead of the US inflation print later in the day.

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