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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: 148.30
Bid: 148.40
Ask: 148.50
Change: -1.30 (-0.87%)
Spread: 0.10 (0.067%)
Open: 150.10
High: 150.10
Low: 146.50
Prev. Close: 149.60
TW. Live PriceLast checked at -

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Redburn downgrades Crest Nicholson after 'torrid' 2018

Thu, 24th Jan 2019 13:48

(Sharecast News) - Redburn cut its stance on Crest Nicholson to 'neutral' from 'buy' on Thursday as part of a broader note on UK housebuilders.It said that Crest, its only recommendation change, had a "torrid" 2018 operationally and there is no notable respite in sight, at least relative to the sector."The beginning of the group's FY19 (from the end of October) coincided with the escalation of UK political tension, and starting order-book support was limited. Sales outside of Help to Buy's price cap (£600,000+) are set to stay at up to 25% of revenues this year and will likely remain tough."In addition, we have updated our incentive tracker, looking at the group's website - this shows that 84% of the group's sites are actively advertising incentives, up from 57% in August and 31% in March."Redburn also said the jury is out on the quality of the group's recent land buying. "While we accept the price-point issue is a general top-down challenge, it does appear Crest has been faring less well than other similarly priced peers - notably Berkeley (outside London), Countryside and even Redrow," it said.While it's not a problem in its own right, the balance sheet is the least strong in the sector when you consider the combination of average debt and land creditor usage, it argued."Our buy Crest has been value-based and, barring a major downturn, it is hard to argue the shares are expensive. Indeed, we see fundamental upside of 28%. But we are held back by the risks and at the very least find it hard to see why investors should opt for Crest over mid-cap peers Bellway and Redrow, both of which offer more upside with less risk."Redburn said Persimmon remains its top pick thanks to its price point, margins and net cash. Meanwhile, it remains a buyer of Barratt, Bellway, Redrow and Taylor Wimpey, with Bovis and Berkeley remaining at 'neutral'.Redburn has a 455p price target on Crest.On the sector more broadly, Redburn was upbeat. "Popular commentary continues to paint the UK housing market as weak, but we view activity as remarkably resilient considering Brexit uncertainties. This reflects solid underlying fundamentals (employment, pent-up demand, policy, credit and supply), which look set to persist," it said.At 1245 GMT, Crest shares were down 1.9% to 348.60p.
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13 Apr 2023 08:11

HSBC upgrades housebuilders, says market downturn more than priced in

(Sharecast News) - HSBC upgraded its stance on a host of housebuilders on Thursday as it argued that a downturn in the housing market and tepid recovery in return on invested capital are more than priced in to the shares.

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13 Apr 2023 07:56

LONDON BRIEFING: UK GDP flat; Tesco annual profit halves

(Alliance News) - Stocks in London are set for a tepid open, as investors weighed yesterday's US inflation print and warnings of an impending recession in the world's largest economy from the Federal Reserve.

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11 Apr 2023 09:28

LONDON BROKER RATINGS: Redburn likes Shell; Barclays raises Persimmon

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday and over the long Easter weekend:

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11 Apr 2023 09:07

LONDON MARKET OPEN: Strong start to new week as miners lift FTSE 100

(Alliance News) - Stock prices in London opened higher on Tuesday following the Easter break, with the FTSE 100 supported by miners and housebuilders.

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30 Mar 2023 12:06

LONDON MARKET MIDDAY: Shares and pound up as market confidence builds

(Alliance News) - Equity markets continued to climb on Thursday at midday in London, with investors confident the threat of a banking crisis has been contained.

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23 Mar 2023 15:46

UK dividends calendar - next 7 days

Friday 24 March 
Berkeley Group Holdings PLCdividend payment date
FRP Advisory Group PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
Mattioli Woods PLCdividend payment date
Momentum Multi-Asset Value Trust PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Monday 27 March 
AstraZeneca PLCdividend payment date
Mountview Estates PLCdividend payment date
Shell PLCdividend payment date
Tuesday 28 March 
Diversified Energy Co PLCdividend payment date
Wednesday 29 March 
Ashmore Group PLCdividend payment date
Shoe Zone PLCdividend payment date
Shoe Zone PLCspecial dividend payment date
Thursday 30 March 
abrdn PLCex-dividend payment date
abrdn Smaller Companies Income Trust PLCex-dividend payment date
AIB Group PLCex-dividend payment date
Aviva PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
Chelverton UK Dividend Trust PLCex-dividend payment date
Empiric Student Property PLCex-dividend payment date
Energean PLCdividend payment date
European Smaller Cos Trust PLCex-dividend payment date
Fidelity European Trust PLCex-dividend payment date
Genus PLCdividend payment date
GlobalData PLCex-dividend payment date
IDOX PLCex-dividend payment date
InterContinental Hotels Group PLCex-dividend payment date
Lowland Investment Co PLCex-dividend payment date
Mondi PLCex-dividend payment date
MoneySupermarket.com PLCex-dividend payment date
Phoenix Group Holdings PLCex-dividend payment date
Primary Health Properties PLCex-dividend payment date
Quartix Technologies PLCex-dividend payment date
Quartix Technologies PLCspecial ex-dividend payment date
Smith & Nephew PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Tritax Big Box REIT PLCdividend payment date
Troy Income & Growth Trust PLCex-dividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
VPC Specialty Lending Investments PLCdividend payment date
  
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17 Mar 2023 12:14

Henry Boot business exchanges on residential land sale in Coventry

(Alliance News) - Henry Boot PLC on Friday said its land promotion and planning business Hallam Land Management exchanged on the land sale of a site in Coventry, England to mixed-tenure developer Countryside Partnerships.

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15 Mar 2023 17:21

UK budget winners and losers: the pound, gilts and stocks

LONDON, March 15 (Reuters) - Finance minister Jeremy Hunt presented less gloomy forecasts for Britain's economy at his Spring Budget on Wednesday.

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14 Mar 2023 09:54

Morgan Sindall signs cladding remediation deal with UK government

(Alliance News) - Morgan Sindall Group PLC on Tuesday joined other building companies in signing the UK government's self remediation contract.

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13 Mar 2023 17:12

UPDATE: Barratt, Gleeson, Taylor Wimpey, Berkeley sign UK housing deal

(Alliance News) - Barratt Developments PLC, MJ Gleeson PLC, Taylor Wimpey PLC and Berkeley Group Holdings PLC on Monday joined other building companies in signing the UK government's self remediation contract.

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13 Mar 2023 09:40

LONDON BROKER RATINGS: JPMorgan cuts BAT; raises Bunzl

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

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10 Mar 2023 09:24

UK's Berkeley cautious about housing market but maintains profit guidance

LONDON, March 10 (Reuters) - British house builder Berkeley Group Holdings Plc maintained its 2023 outlook on Friday and said house prices remained firm, but added it was cautious as sales are falling amid volatility in the property market.

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9 Mar 2023 14:23

IN BRIEF: Henry Boot completes sale 1,855-plot site to Taylor Wimpey

Henry Boot PLC - Sheffield-based property developer - Announces that its land promotion and planning business, Hallam Land Management, has completed the sale of a 1,855-plot site in Milton Keynes, England to housebuilder Taylor Wimpey UK Ltd. The transaction results in an ungeared internal rate of return for Henry Boot of 14% per year.

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9 Mar 2023 00:01

UK house prices slide further but market pessimism eases: RICS

LONDON, March 9 (Reuters) - British property surveyors grew less gloomy about the prospects for the housing market in February as a slump in new buyer enquiries eased, but reports of falling house prices hit a 14-year high, a survey showed on Thursday.

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8 Mar 2023 09:20

LONDON BROKER RATINGS: Jefferies cuts John Wood to 'hold' from 'buy'

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

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