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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 139.20
Bid: 138.40
Ask: 138.50
Change: 5.50 (4.11%)
Spread: 0.10 (0.072%)
Open: 134.55
High: 139.20
Low: 133.85
Prev. Close: 133.70
TW. Live PriceLast checked at -

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Broker tips: Housebuilders, Melrose, Intertek, SOCO International

Wed, 05th Mar 2014 13:10

Credit Suisse has downgraded its rating for the UK housebuilding sector from 'overweight' to 'market weight', telling investors that it is time to take profits."To be absolutely clear we are not calling the top of the UK housing cycle, rather we are calling the top of the equity story, as we believe current valuations already factor in substantial future growth in the next two years," said Research Analyst Harry Goad.Credit Suisse has cut its recommendations for Barratt Developments, Bellway, Persimmon and Taylor Wimpey from 'outperform' to 'neutral', and left both Berkeley and Bovis Homes at 'neutral'.Numis Securities has downgraded its rating for industrial conglomerate Melrose from 'hold' to 'reduce', saying it sees downside risk to the current share price despite the company's strong annual results on Wednesday.Analysts said that the market's focus is now on the next acquisition and the stock's already "heady" rating "appears to already be discounting the next deal".Numis Securities has reiterated its 'buy' rating for Intertek despite the testing and quality control firm missing estimates with its 2013 results, saying that it remains upbeat about its long-term structural growth prospects and returns potential."While 2013 results were impacted by a slowdown in growth in the second half, management provided a more optimistic scenario for recovery progression in 2014," said analysts Steve Woolf and Mike Murphy. Canaccord Genuity has cut its stance on oil and gas firm SOCO International from 'hold' to 'sell', saying the valuation is 'challenging' given that the shares trade at a hefty premium to the sector."SOCO trades at 121% of our central net asset value (NAV) [forecast], a substantial premium to the sector which trades at 82% on average," said analysts Thomas Martin and Charlie Sharp. "We would need to assume a 6.5% discount rate to see our central NAV rise to around our current target price [of 385p]."BC
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16 Jan 2024 11:49

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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16 Jan 2024 07:37

LONDON BRIEFING: UK jobless rate sticks at 4.2% but pay growth slows

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15 Jan 2024 12:04

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15 Jan 2024 08:41

LONDON MARKET OPEN: Stocks tread water amid geopolitical tensions

(Alliance News) - Stock prices in London opened slightly higher on Monday, as investors digested geopolitical tensions in the Middle East and Taiwan.

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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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11 Jan 2024 10:19

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

Reiterates 2023 operating profit forecast

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11 Jan 2024 08:57

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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11 Jan 2024 07:41

LONDON BRIEFING: M&S reports strong sales momentum; Tesco ups guidance

(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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11 Jan 2024 07:25

Taylor Wimpey's 2023 profits at top end of guidance

(Sharecast News) - Housebuilder Taylor Wimpey is set to deliver profits towards the top of guidance for the full year but said that the market remains "uncertain" despite a recent reduction in mortgage rates.

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10 Jan 2024 16:51

LONDON MARKET CLOSE: Tepid trade as investors await US inflation data

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10 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 falls as investors await rates clarity

(Alliance News) - Blue-chip European shares were lower early Wednesday afternoon, with the mood in equity markets uncertain ahead of Thursday's key US inflation report.

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