The latest Investing Matters Podcast episode with Inclusive Asset Management's Alexandra McGuigan has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

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
Get Live Data
Share Price: 134.15
Bid: 134.40
Ask: 134.55
Change: 0.00 (0.00%)
Spread: 0.15 (0.112%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 134.15
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Peel Hunt downgrades housebuilders on Brexit uncertainty

Mon, 10th Dec 2018 15:26

(Sharecast News) - Housebuilders were under the cosh on Monday as Peel Hunt cut its stance on several names in the sector, with Brexit uncertainty a concern.The brokerage cut Barratt Developments and Berkeley to 'add' from 'buy' and Crest Nicholson to 'reduce' from 'hold'. It also downgraded Taylor Wimpey to 'hold' from 'add'.Barratt's target price was cut to 510p from 680p, while Berkeley's was reduced to 3,790p from 4,870p. Crest Nicholson's price target fell to 305p from 330p and Taylor Wimpey's was bumped down to 140p from 220p.In the note, which was written before news broke that this week's Brexit vote would be postponed, Peel Hunt said the longer-term prognosis for the sector was "favourable" whether the Brexit deal passes through parliament or not."However, the shot-term outlook for UK housebuilders clearly remains volatile, mainly due to the economic uncertainty caused by the Brexit process," it said.The brokerage cut its house price inflation forecast for CY19-20 to zero from around 2% previously. It also chopped 2-3% off its volume assumptions.Overall, Peel now forecasts an aggregated revenue compound annual growth rate of 2% over the next two years versus 4.3% previously and an operating margin decline of 110 basis points to 18.4%, versus a previous forecast for it to be flat between CY18 and CY20.At 1520 GMT, Barratt shares were down 3.9% to 445p, Berkeley was off 0.9% at 3,325p, Crest Nicholson was down 6.6% at 315.40p and Taylor Wimpey was down 2.7% to 130.40p.Peel said in the note that Crest Nicholson remained one of the most exposed in the sector to volume and/or price pressure."We forecast revenue declines of 8-10% over the next two years, and with ongoing build cost pressures our numbers point to an operating margin decline of 250bps to circa 13%," it said as it cut its pre-tax profit forecasts by 22% and 29% for FY19 and FY20, putting it around 30% below consensus.
More News
12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

Read more
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

Read more
12 Apr 2024 09:55

LONDON BROKER RATINGS: JPMorgan raises Taylor Wimpey, Persimmon

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

Read more
12 Apr 2024 09:11

RBC Capital upgrades Taylor Wimpey, downgrades Berkeley

(Sharecast News) - RBC Capital Markets upgraded Taylor Wimpey on Friday but downgraded Berkeley as it took a look at the two UK housebuilders.

Read more
12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

Read more
12 Apr 2024 07:43

LONDON BRIEFING: UK economy grows again in February

(Alliance News) - Stocks in London are called to open higher on Friday, as investors digest the fall out of a busy week of interest rate decisions, as well as economic data.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
28 Mar 2024 17:37

London stocks round off March quarter with healthy gains

JD Sports climbs as pre-tax profit in line with guidance

*

Read more
28 Mar 2024 16:08

London close: Stocks finish firmer ahead of Easter break

(Sharecast News) - London's equity markets closed higher on Thursday ahead of the Easter break, despite lingering concerns over the UK's recessionary status in the latter part of last year.

Read more
21 Mar 2024 15:00

UK dividends calendar - next 7 days

Friday 22 March 
easyJet PLCdividend payment date
FRP Advisory Group PLCdividend payment date
Gulf Investment Fund PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
Hercules Site Services PLCdividend payment date
Impax Asset Management Group PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Mattioli Woods PLCdividend payment date
Mobeus Income & Growth 2 VCT PLCdividend payment date
Mobeus Income & Growth 4 VCT PLCdividend payment date
Ramsdens Holdings PLCdividend payment date
Riverstone Credit Opportunities Income PLCdividend payment date
Ruffer Investment Co Ltddividend payment date
Samuel Heath & Sons PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Unilever PLCdividend payment date
Monday 25 March 
AstraZeneca PLCdividend payment date
Endeavour Mining PLCdividend payment date
Mountview Estates PLCdividend payment date
Shell PLCdividend payment date
Tuesday 26 March 
no events scheduled 
Wednesday 27 March 
abrdn Diversified Income & Growth PLCdividend payment date
Thursday 28 March 
Alliance Trust PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Berkeley Group Holdings PLCdividend payment date
BHP Group Ltddividend payment date
BlackRock Energy & Resources Inc Trust PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCdividend payment date
BP PLCdividend payment date
City of London Investment Group PLCdividend payment date
Crown Place VCT PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Genus PLCdividend payment date
Hargreaves Lansdown PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Idox PLCex-dividend payment date
Imperial Brands PLCdividend payment date
Melrose Industries PLCex-dividend payment date
Mid Wynd International Investment Trust PLCdividend payment date
Moneysupermarket.com Group PLCex-dividend payment date
NextEnergy Solar Fund Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCdividend payment date
Personal Group Holdings PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Quartix Technologies PLCex-dividend payment date
Renewables Infrastructure Group Ltddividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Smith & Nephew PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Thames Ventures VCT 2 DSO 1 D PLCdividend payment date
Travis Perkins PLCex-dividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Vaalco Energy Incdividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Volution Group PLCex-dividend payment date
Wynnstay Group PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
14 Mar 2024 16:33

London close: Stocks fall as US inflation tops forecasts

(Sharecast News) - London's equity markets finished in negative territory on Thursday, driven by a flurry of stocks going ex-dividend and investor reactions to the latest US producer inflation and jobless data.

Read more
7 Mar 2024 12:04

LONDON MARKET MIDDAY: Stocks mixed ahead of ECB interest rate decision

(Alliance News) - Stock prices in London were mixed at midday on Thursday, as investors nervously wait for the European Central Bank.

Read more
7 Mar 2024 08:51

LONDON MARKET OPEN: Virgin Money UK surges on Nationwide takeover

(Alliance News) - Stock prices in London opened mixed on Thursday, as investors looked nervously towards the latest European Central Bank decision.

Read more
1 Mar 2024 08:49

LONDON MARKET OPEN: Housebuilders rise as UK housing market recovers

(Alliance News) - Stock prices in London opened mostly higher on Friday, after data from Nationwide showed that the UK housing market is recovering.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.