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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: 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
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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."
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23 Jan 2023 09:41

LONDON BROKER RATINGS: Jefferies cuts Berkeley; HSBC cuts St James's

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

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23 Jan 2023 09:09

LONDON MARKET OPEN: Stocks open higher; hawkish ECB boosts euro

(Alliance News) - Stock prices in London opened higher on Monday, as investors were hopeful that cooling US inflation and weakening economic data will slow the pace of interest rate hikes by the Federal Reserve.

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16 Jan 2023 16:51

LONDON MARKET CLOSE: FTSE 100 extends win streak with record in sight

(Alliance News) - London's FTSE 100 edged closer to a record high on Monday, with housebuilders and retailers among the star performers at the start of the week.

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16 Jan 2023 12:20

LONDON MARKET MIDDAY: Stocks firm ahead of BoJ decision, UK inflation

(Alliance News) - Stock prices in London were broadly higher at midday on Monday as market optimism remained positive.

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16 Jan 2023 09:34

LONDON BROKER RATINGS: SocGen raises Severn Trent to 'buy'

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

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13 Jan 2023 17:21

CORRECT: LONDON MARKET CLOSE: Stocks up as investors cheer UK GDP data

(Correcting that sterling strengthened at the London equities close on Friday).

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13 Jan 2023 17:12

LONDON MARKET CLOSE: Stocks higher as investors cheer UK GDP print

(Alliance News) - Stock prices in London closed near a record high on Friday after the UK economy defied expectations in November by recording marginal growth.

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13 Jan 2023 08:58

TOP NEWS: Taylor Wimpey announces cost cutting programme as sales down

(Alliance News) - Taylor Wimpey PLC on Friday set out a cost cutting programme as sales remain "significantly" below levels seen before the third quarter of 2022, when mortgage rates started to rise.

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13 Jan 2023 08:50

Taylor Wimpey looks at job cuts to rein in costs, lowers homebuilding target

Aims at annualised savings of 20 mln stg

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13 Jan 2023 07:47

Taylor Wimpey sees FY profit in line with market views, cautious over outlook

(Sharecast News) - Taylor Wimpey said on Friday that full-year operating profit was set to be in line with market views and that it was looking to cut costs, as it cautioned that sales remain "significantly" below the third quarter of last year amid rising mortgage rates and ongoing market uncertainty.

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12 Jan 2023 12:49

UK's Persimmon woos home buyers with 'mortgage free' offer amid slowdown fears

Shares gain on back of full-year 2022 performance

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11 Jan 2023 09:06

LONDON MARKET OPEN: Blue-chips creep higher; Direct Line drops 28%

(Alliance News) - Trainer sellers were the star performers in early trade in London on strong numbers from JD Sports, though grocers, housebuilders and insurers struggled following poorly received updates from J Sainsbury, Barratt and Direct Line.

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11 Jan 2023 08:43

UK's Barratt warns of weak housing market on rising mortgage rates

Weekly sales rate drops to 0.44 homes/outlet vs 0.79 yr ago

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6 Jan 2023 15:53

UK earnings, trading statements calendar - next 7 days

Monday 09 January 
Assura PLCTrading Statement
Quartix Technologies PLCTrading Statement
Tuesday 10 January 
Games Workshop Group PLCHalf Year Results
Robert Walters PLCTrading Statement
RS Group PLCTrading Statement
Shoe Zone PLCFull Year Results
XP Power LtdTrading Statement
Wednesday 11 January 
Barratt Developments PLCTrading Statement
Grafton Group PLCTrading Statement
J Sainsbury PLCTrading Statement
JD Sports Fashion PLCTrading Statement
Nichols PLCTrading Statement
PageGroup PLCTrading Statement
Ten Entertainment Group PLCTrading Statement
Topps Tiles PLCQ1 Results
Vistry Group PLCTrading Statement
Thursday 12 January 
ASOS PLCTrading Statement
DFS Furniture PLCTrading Statement
Foresight Group Holdings LtdTrading Statement
Gym Group PLCTrading Statement
Halfords Group PLCTrading Statement
Hilton Food Group PLCTrading Statement
John Wood Group PLCTrading Statement
Pharos Energy PLCTrading Statement
Persimmon PLCTrading Statement
Marks & Spencer Group PLCTrading Statement
N Brown Group PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
Friday 13 January 
MJ Gleeson PLCTrading Statement
Taylor Wimpey PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Jan 2023 15:40

UK earnings, trading statements calendar - next 7 days

Friday 06 January 
Ten Entertainment Group PLCTrading Statement
Monday 09 January 
Assura PLCTrading Statement
Quartix Technologies PLCTrading Statement
Tuesday 10 January 
Games Workshop Group PLCHalf Year Results
Robert Walters PLCTrading Statement
RS Group PLCTrading Statement
Shoe Zone PLCFull Year Results
XP Power LtdTrading Statement
Wednesday 11 January 
Barratt Developments PLCTrading Statement
JD Sports Fashion PLCTrading Statement
Topps Tiles PLCQ1 Results
Vistry Group PLCTrading Statement
Thursday 12 January 
DFS Furniture PLCTrading Statement
Gym Group PLCTrading Statement
Hilton Food Group PLCTrading Statement
Marks & Spencer Group PLCTrading Statement
Taylor Wimpey PLCTrading Statement
Tesco PLCTrading Statement
Whitbread PLCTrading Statement
XP Power LtdTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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