Taylor Wimpey (TW.)

Sector:

Household Goods

Index:

FTSE 100

165.60p
   
  • Change Today:
      1.60p
  • 52 Week High: 192.25p
  • 52 Week Low: 129.30p
  • Currency: UK Pounds
  • Shares Issued: 3,279.83m
  • Volume: 25,146,726
  • Market Cap: £5,431m
  • Beta: 0.02

Berenberg praises UK construction firms following strong start to the year

By Iain Gilbert

Date: Wednesday 06 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg took a fresh look at the British construction sector on Wednesday, reiterating its positive stance on UK housebuilders after a strong start to the year.
Berenberg said underlying positive trends and strong sales rates have caused consensus estimates to tick up around 3%, while lending trends remained supportive and margins were being largely maintained.

The German bank also stated the sector's cash story continued to "roll on" and said it expects the sector to return 22% of its market capitalisation over the next three years via dividends and buybacks.

In terms of individual companies, Berenberg said it preference list "remains unchanged", even after the strong start to 2019.

The broker said it continues to prefer exposure to those companies with flexibility around the margin, such as Barratt Developments and Bovis, exemplary track records and compelling valuations, like Bellway, and those like Taylor Wimpey, and MJ Gleeson, which have the ability to materially increase volumes on a multi-year view.

"We would be most wary of exposure to those companies that are overexposed to a secondary market that is structurally challenged (Crest Nicholson, and McCarthy & Stone)," said Berenberg.

Berenberg reiterated its 'buy' rating on Taylor Wimpey and Bovis but dropped its price target on the former to 200p from 210p.

As far as Persimmon was concerned, Berenberg stood by its 'hold' rating but opted to cut its target price to 2,630p from 2,670p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Taylor Wimpey Market Data

Currency UK Pounds
Share Price 165.60p
Change Today 1.60p
% Change 0.98 %
52 Week High 192.25p
52 Week Low 129.30p
Volume 25,146,726
Shares Issued 3,279.83m
Market Cap £5,431m
Beta 0.02

Taylor Wimpey Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.65% above the market average70.65% above the market average70.65% above the market average70.65% above the market average70.65% above the market average
46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average46.15% above the sector average
Price Trend
15.47% below the market average15.47% below the market average15.47% below the market average15.47% below the market average15.47% below the market average
40.74% below the sector average40.74% below the sector average40.74% below the sector average40.74% below the sector average40.74% below the sector average
Income
96.66% above the market average96.66% above the market average96.66% above the market average96.66% above the market average96.66% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
14.67% below the market average14.67% below the market average14.67% below the market average14.67% below the market average14.67% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Taylor Wimpey Dividends

  Latest Previous
  Interim Final
Ex-Div 03-Oct-19 04-Apr-19
Paid 08-Nov-19 17-May-19
Amount 3.84p 3.80p

Trades for 17-Oct-2019

Time Volume / Share Price
16:35 6,265,629 @ 165.60p
16:29 401 @ 165.60p
16:29 1 @ 165.55p
16:29 3,004 @ 165.70p
16:29 10,023 @ 165.70p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Kevin S Beeston

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