Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video 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: 145.05
Bid: 145.20
Ask: 145.30
Change: -1.90 (-1.29%)
Spread: 0.10 (0.069%)
Open: 145.10
High: 145.35
Low: 143.25
Prev. Close: 146.95
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK housebuilders boosted by upbeat BoA ML note

Mon, 14th Dec 2015 10:59

(ShareCast News) - Bank of America Merrill Lynch upgraded its stance on Barratt Developments to 'neutral' from 'underperform' as it took a look at UK housebuilders. The bank said it remained supportive of the sector and reiterated buy-rated Persimmon, Taylor Wimpey and Bellway as its top picks."We believe that housing supply will fail to keep up with long-term demand and that this is likely to result in modest house price inflation that in turn will more than offset cost pressures, allowing margins to expand albeit modestly."With wages growing and interest rates benign, affordability is sufficient to maintain growth."As far as Barratt is concerned, it said market perception has improved over the last few years, which is likely to continue despite the recent change of management.Operationally, Barratt is performing well, particularly in the land market where anticipated returns on new developments have resulted in increased internal hurdle rates which bodes well for the direction of future revenues and earnings."The three-year dividend plan sets out robust intentions and implies that the stock yields an attractive 5.6% in calendar 2016E," said ML.However, it added that the stock trades on a full price-to-earnings ratio currently and has one of the shortest land banks in the sector, which offsets the positives, hence the 'neutral' rating.It lifted its price target on the stock to 655p from 600p.Merrill downgraded its target price on 'neutral' rated Bovis Homes to 1,000p from 1,190p to reflect the cost issues highlighted in the company's second half trading update.It said Bovis was suffering from a combination of planning delays on new high margin sites and higher-than-expected labour costs.At 1125 GMT, BDEV shares were up 2.5% to 607.50p, Persimmon was 1.7% higher at 1,940p, Taylor Wimpey was up 1.1% top 196.20p and Bellway was 2.2% higher at 2,733p.
More News
29 Aug 2023 12:47

UK scraps some water pollution rules to boost homebuilding

LONDON, Aug 29 (Reuters) - Britain said on Tuesday it would remove some European Union rules it had retained post-Brexit that were meant to curb water pollution, to enable thousands of new homes to be built, a move environmentalists said would further spoil dirty rivers.

Read more
29 Aug 2023 12:23

UK housebuilders enjoy boost as government relaxes waterway rules

(Alliance News) - A major regulation change is set to make life easier for housebuilders, after UK Levelling-Up Secretary Michael Gove said on Tuesday that the government would be scrapping rules on waterway pollution.

Read more
29 Aug 2023 11:51

LONDON MARKET MIDDAY: FTSE outperforms peers; housebuilders rise

(Alliance News) - The FTSE 100 was outperforming its European peers at midday on Tuesday, amid news that UK consumer price inflation is decelerating and the government is scrapping some rules to boost housebuilding.

Read more
21 Aug 2023 16:49

LONDON MARKET CLOSE: FTSE 100 tips into red as housebuilders struggle

(Alliance News) - Stocks in London were lower at the close on Monday, with the FTSE 100 tipping into the red as its blue-chip housebuilders were hurt by less-than-stellar data from Rightmove and a profit warning from FTSE 250 peer Crest Nicholson.

Read more
21 Aug 2023 12:04

LONDON MARKET MIDDAY: Crest Nicholson warning hits housing shares

(Alliance News) - Stock prices in London were mixed at midday Monday, after a profit warning from Crest Nicholson, as well as some poor data from Rightmove, rattled stocks in the housebuilding sector.

Read more
21 Aug 2023 10:05

UK's Crest Nicholson warns on profit amid housing worries

Shares fall 14% to hit lowest level since Sept 2020

*

Read more
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.

Read more
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.

Read more
16 Aug 2023 12:01

LONDON MARKET MIDDAY: Stocks down; UK inflation cools in July

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as investors digest some mixed inflation figures and the impact they will have on the Bank of England's next move.

Read more
16 Aug 2023 09:29

LONDON BROKER RATINGS: RBC cuts Antofagasta; Shore likes Trainline

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

Read more
11 Aug 2023 09:52

LONDON BROKER RATINGS: Deutsche cuts Domino's Pizza; RBC lowers CVS

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

Read more
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.

Read more
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.

Read more
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.

Read more
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+

*

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.