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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: 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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Liberum sees value in housebuilders after sector subsidence

Fri, 22nd Apr 2016 09:34

(ShareCast News) - Broker Liberum has upgraded housebuilders Barratt Developments and Persimmon to 'hold' as it toned down its caution on the sector, but said Taylor Wimpey remained a 'sell'.Having turned cautious on housebuilders in November due to stretched valuation and fears of margin pressure, Liberum noted the sector's shares had since subsided 13% due to worries about Brexit and prime London property.While margin pressure remains a threat and not all Brexit risks are priced in, the broker sees valuations as "much more accommodating" now."We think the sector would now rally on a Remain vote, but may fall further if rates rise and GDP slows in the event of a Leave decision. Weakness in prime London is unlikely to ripple out in the absence of a hard Brexit, but affordability is still a constraint to house prices."On a company basis, while the recent weakness in Persimmon's sales rates was said to be worth monitoring, the shares' strong underperformance no longer leaves much downside.Liberum's top picks are Bellway and MJ Gleeson, both rated 'buy' as they "should achieve faster growth than peers".Bellway's rapid volume growth should be enough to maintain profit growth in spite of margin pressure, with the market's overly caution on its London exposure, the broker said.Even after its strong sector outperformance, Gleeson is liked as its growth prospects "appear very strong and it has yet to experience much help at all from rising house prices".Redrow has also been raised to 'buy' as its valuation also now looks "interesting" after major underperformance.With most exposure to upmarket London, Berkeley was kept at 'hold', with its risks felt to be much more balanced after underperformance and potential for a bounce if Brexit is averted, with Bovis on the same rating and looking "very cheap" but balanced by the need for evidence that costs are back under control.On Taylor Wimpey, analysts are "more cautious than most on the evolution of margins and returns", while the shares have performed relatively well.
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21 Aug 2023 08:54

LONDON MARKET OPEN: Stocks mixed amid housebuilder sell-off

(Alliance News) - Stock prices in London opened mixed on Monday, as shares in housebuilders came under renewed pressure, following disappointing house price data and a concerning update from midcap-listed Crest Nicholson.

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21 Aug 2023 08:30

UK homebuilder shares tumble after Crest Nicholson cuts annual profit outlook

LONDON, Aug 21 (Reuters) - UK homebuilder shares tumbled on Monday, set for their biggest one-day drop in over six weeks, led by a 14.9% fall in Crest Nicholson shares which plunged after the residential housebuilder cut its full-year profit view.

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LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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8 Aug 2023 13:06

UK housebuilder Bellway to cut jobs amid market slowdown

LONDON, Aug 8 (Reuters) - British housebuilder Bellway on Tuesday said it would cut a limited number of jobs as part of structural changes that include the possible closure of two divisions, citing a slowdown in house building and sales.

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7 Aug 2023 09:03

LONDON MARKET OPEN: LSL slips on profit warning; PageGroup profit down

(Alliance News) - Stock prices in London opened lower on Monday, in a tepid start to the week, as markets wait for further catalysts.

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3 Aug 2023 16:54

LONDON MARKET CLOSE: FTSE 100 declines but pound perks up after BoE

(Alliance News) - Equities in Europe closed lower on Thursday, with markets still unsteady after a US credit rating cut on Wednesday, though London-listed property firms got a slight boost, on the view that the end of the Bank of England's hiking cycle is in sight.

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2 Aug 2023 17:04

UK's FTSE 100 at two-week low as surprise US credit rating cut sours mood

Fitch downgrades U.S. credit rating to AA+

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2 Aug 2023 12:07

LONDON MARKET MIDDAY: European stocks rattled after US debt rating cut

(Alliance News) - Stock prices across the globe were lower at midday Wednesday, after Fitch rocked markets by downgrading the US credit rating.

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2 Aug 2023 10:40

Taylor Wimpey expects full-year profits to halve amid housing gloom

Sees full-year operating profit at 440-470 mln stg range

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2 Aug 2023 08:11

TOP NEWS: Taylor Wimpey reports half year revenue and profit decline

(Alliance News) - Taylor Wimpey PLC on Wednesday reported a fall in its interim profit and revenue, blaming "variable market conditions" for damaging the housing market.

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2 Aug 2023 07:50

LONDON BRIEFING: Taylor Wimpey profit falls; BAE Systems revenue up

(Alliance News) - Stocks in London are called to open lower on Wednesday, after Fitch's US rating downgrade caused Asian markets to fall sharply.

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2 Aug 2023 07:24

Taylor Wimpey posts drop in 1H revenues and profit after 'substantial' rise in mortgage rates

(Sharecast News) - Taylor Wimpey posted a sharp drop in first half revenues and profit amid a backdrop of "substantially" higher mortgage rates.

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1 Aug 2023 08:55

LONDON MARKET OPEN: Fresnillo falls on profit hit; UK house prices fall

(Alliance News) - Stock prices in London opened mixed on Tuesday, as investors look ahead to a slew of PMI data.

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