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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: 148.90
Bid: 148.65
Ask: 148.70
Change: 1.75 (1.19%)
Spread: 0.05 (0.034%)
Open: 147.40
High: 148.90
Low: 146.60
Prev. Close: 147.15
TW. Live PriceLast checked at -

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Persimmon boosted by Liberum upgrade

Fri, 23rd Sep 2016 08:35

(ShareCast News) - Housebuilder Persimmon and its peers got a boost on Friday as Liberum upgraded the stock to 'buy' from 'hold' and lifted price targets across the sector as it took a more positive view."We have upgraded estimates across our coverage as 2016 trading is much better than we feared in our immediate post-referendum downgrades. We still expect a dip in earnings in 2017 and 2018, but we have moderated our volume decline expectations."The sector's shares are up 34% since post-EU referendum lows, but we still see selective value in the sector, adding Persimmon to the Buy list, joining Bellway, Berkeley and Gleeson."Liberum said the housing market has been surprisingly resilient since the EU referendum as consumer confidence has held up well, mortgage availability has remained good and mortgage rates have fallen.It upgraded its recommendation on Persimmon as it pays more attention to the high dividend at low risk.The brokerage said it was confident Persimmon will achieve the payments pledged because of management's incentive scheme, but also because its long land bank means it could cut land spending dramatically to boost cash flows and the strategic land bank should protect margins too.Liberum upped its price target on Persimmon to 2,100p from 1,795p. It kept Barratt Developments, Bovis, Redrow and Taylor Wimpey at 'hold' and Bellway, Berkeley, and MJ Gleeson at 'buy'.At 0835 BST, Persimmon shares were up 3.3% to 1,856p.
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19 Jan 2024 09:46

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(Sharecast News) - Morgan Stanley upgraded its stance on Persimmon on Friday as it took a look at the UK housebuilding sector.

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16 Jan 2024 11:49

Jefferies downgrades Crest Nicholson, ups Persimmon

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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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