JP Morgan upgrades estimates on UK housebuilders
7th Dec 2016 08:57
(ShareCast News) - JP Morgan Cazenove has upgraded its estimates on UK housebuilders for 2017, saying it sees no signs of a material slowdown. Sales trends and earnings have held up well despite the initial shock of the Brexit vote sending the sector down 21% in the year to date, the bank said. "Th
Read moreCrest Nicholson on track for FY revenues of £1bn
15th Nov 2016 07:41
(ShareCast News) - FTSE 250 housebuilder Crest Nicholson reported a drop in underlying sales but said it remains on track to report full-year revenues of around £1bn. In a trading update for the year ended 31 October, the company said unit completions were up 5% compared to last year but the underly
Read moreFTSE 250 movers: Greencore and banks gain while gold miners fall
14th Nov 2016 14:05
(ShareCast News) - The FTSE 250 index was in positive territory, just shy of 17,500, by the late afternoon on Monday. Irish food company Greencore led the risers, gaining on the back of jump in full-year revenue and earnings, a hike in its dividend and the proposed acquisition of Peacock Foods for a
Read moreBroker tips: Crest Nicholson, IAG, Wizz Air
19th Oct 2016 11:58
(ShareCast News) - Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive". In a note on the UK housebuilding sector, the bank said that aside from a brie
Read moreBarclays names Crest Nicholson 'top pick', confident on housebuilders
19th Oct 2016 10:26
(ShareCast News) - Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive". In a note on the UK housebuilding sector, the bank said that aside from a brie
Read moreFTSE 250 movers: Miners rally, housebuilders slump
17th Oct 2016 14:57
(ShareCast News) - The FTSE 250 index fell 0.83% to 17,831.76 points in afternoon trade on Monday. Drax Group was the biggest riser as Credit Suisse reiterated an 'outperform' rating and raised its target price on the shares from 415p to 425p. Credit Suisse said the European Commission might soon a
Read moreFTSE 250 movers: Opec outperformers offset housing and outsourcing slips
29th Sep 2016 14:59
(ShareCast News) - Oil-related stocks led the FTSE 250 higher on Thursday after Opec's surprise overnight deal, though an initial spike tailed off towards the close. Producer Tullow Oil, which is seen as quite crude-price sensitive, led the leaderboard, while oil investor Riverstone Energy was not f
Read moreBarratt Developments and Bovis Homes shares slide on UBS downgrade
20th Sep 2016 09:16
(ShareCast News) - Barratt Developments and Bovis Homes were under the cosh on Tuesday after UBS downgraded the housebuilders to 'neutral' from 'buy' as it reviewed the sector. UBS said market dynamics have been "significantly more benign" in July and August following the UK's vote to leave the Euro
Read moreSector movers: Real estate, homebuilders limit losses
22nd Aug 2016 15:44
(ShareCast News) - Real Estate Investment Trusts and Home Construction stocks paced gains at the start of the week, buoyed by a large drop in longer-term Gilt yields and reports that Westminster might be readying a multi-billion pound fund to support property developers in a bid to stimulate the UK'
Read moreFTSE 250 movers: Gold miners weigh against rising builders
22nd Aug 2016 13:44
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read moreBroker tips: Rotork, Crest Nicholson, Barclays
8th Aug 2016 13:21
(ShareCast News) - Jefferies maintained Rotork's rating at 'underperform' on Monday but raised its target price to 170p from 155p based on a higher 2017 forecast for the British manufacturer. "Markets are difficult and this is unlikely to change soon, there is pricing pressure, margins/returns are u
Read moreUBS initiates Crest Nicholson at 'buy'
8th Aug 2016 09:01
(ShareCast News) - Crest Nicholson shares gained on Monday as UBS initiated its coverage of the housebuilder with a 'buy' rating and target price of 485p. UBS said the stock was an "attractive risk-reward" in an uncertain outlook for the sector following Britain's vote to leave the European Union.
Read moreHousebuilders subside as Deutsche Bank slashes targets due to Brexit
26th Jul 2016 10:38
(ShareCast News) - Deutsche Bank cut its price targets for all UK housebuilders in light of Brexit uncertainty, although the bank continued to be positive about the sector. Barrett Developments' target price was cut to 575p from 667p; Berkeley to 3,829p from 3,981p; Bovis to 1,190p from 1,322p; Bell
Read moreFTSE 250 movers: house builders in focus as mid caps sour
4th Jul 2016 18:25
(ShareCast News) - FTSE 250 stocks ended on a sour note with residential property-linked stocks figuring prominently among the fallers as UK construction data disappointed. Clarkson led to the downside as it warned full-year 2016 profits would be "materially lower" on the year due to lower freight r
Read moreWednesday broker round-up
15th Jun 2016 15:32
(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo
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