Andrada Mining acquisition elevates the miner to emerging mid-tier status. 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: 141.80
Bid: 141.75
Ask: 141.80
Change: -0.35 (-0.25%)
Spread: 0.05 (0.035%)
Open: 142.70
High: 143.10
Low: 141.75
Prev. Close: 142.15
TW. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Broker snap: Persimmon's valuation 'full' despite robust Q1, says Jefferies

Tue, 02nd Jul 2013 09:24

Jefferies has kept its 'hold' rating and 1,162p target price for UK house builder Persimmon despite an upbeat second-quarter trading update, saying that the stock's valuation looks 'full'.Nevertheless, analyst Anthony Codling said that the statement was "robust" and backed up its view that the government's stimulus plans of 'Help to Buy' and 'Funding for Lending' are working.Operating margins are expected to be around 15% by the end of the first half, up 280 basis points year-on-year, and while this is at the bottom of the range of the company's view of a normal market, "it appears we can see the edge of the woods", Codling said.Meanwhile, he said he's pleased to see Persimmon increasing the scale of its landbank - consented plots of 70,500 at June 30th, up from 68,200 in December - at the cyclical lows of the market ahead of a potential "heating up" of the land market."If 'Help to Buy' continues to work, sales rates are likely to increase, in our view, and it will be more expensive to buy land in 12 months time than it is today," he said.Nevertheless, the broker chose to remain cautious, highlighting that sector peers Barratt Developments, Bovis Homes and Taylor Wimpey (all rated 'buy') are trading at cheaper price-to-book multiples."Persimmon is a strong player in the market; however, we see greater value elsewhere in the sector."
More News
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.

Read more
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:

Read more
8 Mar 2023 07:59

LONDON BRIEFING: UK insurers report mixed results and change chairs

(Alliance News) - Stocks in London are set to open lower on Wednesday, as markets saw any prospect of a dovish pivot from the US Federal Reserve dashed on Tuesday after its chair said rates would likely remain high.

Read more
7 Mar 2023 08:56

LONDON MARKET OPEN: European markets subdued before Fed testimony

(Alliance News) - London's equities got off to a lukewarm start on Tuesday, as investor caution prevailed ahead of policy commentary by the head of the US central bank.

Read more
3 Mar 2023 15:47

UK homebuilder Vistry to cut hundreds of jobs - Bloomberg News

March 3 (Reuters) - Vistry Group plans to cut around 200 jobs, Bloomberg reported on Friday, months after the British housebuilder's 1.25 billion pounds ($1.50 billion) purchase of rival Countryside and at a time the UK property market battles a downturn.

Read more
2 Mar 2023 10:16

UK's Taylor Wimpey cuts jobs amid housing slowdown

Year-to-date sales rate till Feb. 26 at 0.62/outlet

*

Read more
2 Mar 2023 09:16

TOP NEWS: Taylor Wimpey profit jumps; expects house completions fall

(Alliance News) - Housebuilder Taylor Wimpey on Thursday said 2022 was a year of "distinct halves", as it expects to complete up to 36% fewer houses in 2023 than in 2022.

Read more
2 Mar 2023 09:13

LONDON MARKET OPEN: CRH shares jump as it plans US primary listing

(Alliance News) - Stock prices in London were lower early Thursday, with the FTSE 100 index being spared from a steeper fall thanks to a jump in CRH shares and a weaker pound.

Read more
2 Mar 2023 07:57

LONDON BRIEFING: Taylor Wimpey expects house completions to drop

(Alliance News) - Stocks were called to open flat in London, with market attention on a raft of corporate earnings, as well as a eurozone inflation reading at 1000 GMT.

Read more
2 Mar 2023 07:01

Taylor Wimpey flags weaker sales

(Sharecast News) - Taylor Wimpey warned on Thursday completions were likely to fall this year, the latest housebuilder to see higher mortgage rates and the cost-of-living crisis knock buyer confidence.

Read more
1 Mar 2023 17:52

Commodity-linked stocks drive FTSE 100 higher on China demand hopes

Miners jump on higher commodity prices

*

Read more
1 Mar 2023 17:00

LONDON MARKET CLOSE: FTSE 100 in the green while sterling slumps

(Alliance News) - Stocks in London were broadly higher at the close on Wednesday, with the FTSE 100 lifted by a strong performance from mining stocks, which were boosted by positive data out of China.

Read more
1 Mar 2023 12:00

LONDON MARKET MIDDAY: FTSE 100 up despite housebuilders disappointing

(Alliance News) - The FTSE 100 in London were higher in London on Wednesday around midday, as mining stocks helped boost the index after some disappointing news for housebuilders.

Read more
1 Mar 2023 09:07

LONDON MARKET OPEN: Miners lift FTSE 100 as housebuilders fall

(Alliance News) - Positive data on the factory sector in China lifted London-listed mining stocks at Wednesday's open, helping to offset a decline in housebuilders to keep the FTSE 100 positive.

Read more
28 Feb 2023 13:33

Sales trend in focus as British housebuilders fight slowdown

Feb 28 (Reuters) - British housebuilders Persimmon and Taylor Wimpey publish full-year earnings this week with analysts seeking to establish whether a protracted sector downturn is on the cards.

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.