Housebuilders 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
Read moreTuesday broker round-up
14th Jun 2016 12:02
(ShareCast News) - Henderson Group: Exane BNP Paribas downgrades to neutral with a target price of 240p. Crest Nicholson: Deutsche Bank keeps at hold with a 542p target. Beazley: UBS stays at neutral with a target price of 376p. Inmarsat: Jefferies keeps at buy with a target of 1245p. Berkeley Gr
Read moreCrest Nicholson profits continue to build as housing demand remains strong
14th Jun 2016 07:38
(ShareCast News) - Interim results from Crest Nicholson saw profits grow by a quarter as the housebuilder and said demand for new homes was remaining strong despite the clamour around a potential Brexit. Revenue in the six months to 30 April of £408.1m were up 22% on the same period last year, as ho
Read moreBroker tips: HSBC, British Land, Crest Nicholson
16th May 2016 12:43
(ShareCast News) - Shore Capital reiterated its only 'buy' rating in the housebuilding sector on Crest Nicholson as the company released a half-year trading update. The broker said Crest, the most "strategically ambitious" of the larger housebuilders due to its growing focus on the institutional pri
Read moreCanny Crest Nicholson is only housebuilding worth buying, says Shore Capital
16th May 2016 09:15
(ShareCast News) - Shore Capital reiterated its only 'buy' rating in the housebuilding sector on Crest Nicholson as the company released a half-year trading update. The broker said Crest, the most "strategically ambitious" of the larger housebuilders due to its growing focus on the institutional pri
Read moreCrest Nicholson hikes selling prices 24 percent
16th May 2016 07:05
(ShareCast News) - Rates of new house completions, sales per week and total forward sales all slowed at Crest Nicholson in the first half of the year compared to its last financial year as the housebuilder drove selling prices higher. Unit completions in the six months to 30 April of 1,206 were 7% a
Read moreSector movers: Banks and homebuilders lead gains
26th Apr 2016 15:19
(ShareCast News) - Banks and real estate and property stocks rode to the top of the leaderboard on the heels of well-received quarterly earnings from StanChart and a perception that Brexit risks were fading, although analysts and market commentary were cautious on both counts. For the first quarter
Read moreFTSE 250 movers: Takeover talks send Entertainment One higher
14th Apr 2016 14:38
(ShareCast News) - The FTSE 250 was trading down on Thursday afternoon, after a unanimous Bank of England decision to keep interest rates steady for the 85th month in a row. Film and television distributor Entertainment One was on the up, after it was revealed that broadcaster ITV held takeover talk
Read moreFTSE 250 movers: Subsiding house builders undermine index
11th Apr 2016 15:35
(ShareCast News) - The FTSE 250 could not match the small rise of its blue chip neighbour index, falling 0.26% on Monday as its property and housebuilding stocks cast a shadow across the mid caps. House builders on the FTSE 250, including Galliford Try, Crest Nicholson, Bellway, Redrow and Bovis Hom
Read moreHSBC starts 10 UK housebuilders at 'buy'
17th Mar 2016 09:59
(ShareCast News) - HSBC initiated coverage of UK housebuilders saying the sector offers exposure to an area of real undersupply, with the UK government "largely pulling out all the stops to help". It started Barratt Developments, Bellway, Berkeley, Bovis Homes, Crest Nicholson, Galliford Try, McCart
Read moreCrest Nicholson forward sales up 16%
17th Mar 2016 07:48
(ShareCast News) - In a brief statement to be given at the annual general meeting, Crest Nicholson said the trading environment remains positive, with sales up to 11 March "correspondingly strong". The FTSE 250 housebuilder said forward sales revenues were up 16% on the corresponding period a year a
Read moreWednesday broker round-up
27th Jan 2016 17:31
(ShareCast News) - Aldermore Group: Investec reiterates buy recommendation and keeps target price at 325p. Saga: Numis stays at addwith 235p target and Canaccord Genuity upgrades to buy 240p target. Crest Nicholson: Jefferies keeps at buy and raises target from 719p to 740p. Ophir Energy: Credit S
Read moreExpect moderate UK house price rises after help-to-buy scheme expansion, Moody's says
27th Jan 2016 08:12
(ShareCast News) - The expansion of the help-to-buy initiative in the UK will increase mortgage lending, leading to "moderate rises in house prices", according to Moody's. The British government has increased the initial equity loan pay out from 20%, as originally enacted, to 40% to compensate for t
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