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Pin to quick picksTaylor Wimpey Share News (TW.)

Share Price Information for Taylor Wimpey (TW.)

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Share Price: 143.20
Bid: 115.00
Ask: 148.20
Change: 0.00 (0.00%)
Spread: 33.20 (28.87%)
Open: 0.00
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Prev. Close: 143.20
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Jefferies hoists target prices for housebuilding sector

Tue, 12th Jan 2016 13:37

(ShareCast News) - Jefferies has upgraded house builders Barratt Developments, Berkeley and Galliford Try due to the UK's continued housing shortage outweighing other concerns.The broker said it believes the government's 100,000-a-year target is not achievable with current construction skills shortages, which will prevent the industry from getting anywhere near the 165,000 extra building workers to achieve this.Across the housebuilding sector Jefferies upgraded share price targets by an average of 18% on the companies' high visibility of cashflows, strong forward order books and ever increasing support for the sector from government."We believe that scarcity of supply of homes, mortgages and potential Bank Rate rises will favour the Help to Buy assisted new build market and raise the prospects of upgrades during 2016," it said.Barratt, Berkeley and Galliford Try are all upgraded to 'buy' from 'hold', with investors looking for yield recommended to consider Barratt, Berkeley and Taylor Wimpey, while those seeking growth choosing Bovis, McCarthy & Stone and Redrow.The top picks for investors looking for both yield and growth are Crest Nicholson and Galliford Try.Jefferies upgraded Berkeley, with a target price now at 4,650p, due to the company's increased guidance and its bigger and faster capital return plan."Upgrades at Barratt and Galliford reflect the interplay between our valuation methodology and Jefferies recommendation structure, rather than changes to estimates."Barratt's new target price was moved to 807p and Galliford to 1,950p.The main risks to forecasts, clearly, were potential reductions in UK house prices, mortgage availability or material changes to the supply chain.
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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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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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Taylor Wimpey's 2023 profits at top end of guidance

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(Alliance News) - London's FTSE 100 ended lower on Wednesday, as its difficult start to the year continues, as investors have one eye on Thursday's US inflation data.

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