Housebuilders look attractive to Canaccord, but depends on macro
14th Dec 2018 13:01
(Sharecast News) - There are some "extremely attractive" valuations among housebuilders but this is balanced by macroeconomic risk that are "exceptionally high", said broker Canaccord Genuity on Friday.
Read moreLiberum ups Barratt, Bovis and Crest Nicholson to 'buy'
6th Dec 2018 14:01
(Sharecast News) - Liberum upped its stance on Barratt Developments, Bovis Homes and Crest Nicholson on Thursday, arguing that there is at least 20% upside if a smooth Brexit materialises.
Read moreMJ Gleeson on track for full year amid strong demand
6th Dec 2018 10:49
(Sharecast News) - Urban regeneration and land development group MJ Gleeson said on Thursday that it was confident it would achieve full-year 2019 results in line with expectations amid strong demand.
Read moreTuesday broker round-up
2nd Oct 2018 13:19
(Sharecast News) - Hargreaves Lansdown: Numis downgrades to hold with a target price of 2,102p.
Read moreTuesday broker round-up
18th Sep 2018 12:51
(Sharecast News) - Petra Diamonds: Citigroup upgrades to buy with a target price of 70p.
Read moreWednesday broker round-up
25th Jul 2018 13:57
(Sharecast News) - Unite Group: Numis downgrades to hold with a target price of 900p.
Read moreLiberum downgrades Barratt to 'sell' as it looks at UK housebuilders
6th Dec 2016 09:20
(ShareCast News) - Liberum downgraded Barratt Developments to 'sell' as it took a look at the UK housebuilding sector. The brokerage said it sees long-term value in some housebuilders as the valuation looks appealing and long-term fundamentals remain favourable. It noted government support for the
Read moreMJ Gleeson hikes dividend 45% as profit surges
26th Sep 2016 11:09
(ShareCast News) - Housebuilder MJ Gleeson hiked its full-year dividend by 45% as profit and revenue in the year to the end of June grew. Pre-tax profit surged 63% from 2015 to £28.2m on revenue of £142.1m, up 21%. Basic earnings per share rose to 42.6p from 22.8p and the return on capital employed
Read moreMJ Gleeson confident FY results will meet top market expectations
5th Jul 2016 11:54
(ShareCast News) - Shares in MJ Gleeson are up almost 6% after it expressed confidence that its full year results will meet the top end of market views. "Our business plans have not changed; for us it's business as usual," said chief executive Jolyon Harrison in a trading update. Housing regenerati
Read moreITV, Wolseley are Liberum's top-picks in case of Bremain, Brexit
20th Jun 2016 09:25
(ShareCast News) - Depending on whether the UK finally decided to 'Remain' or 'Leave' then different London-listed securities were likelier to 'outperform' their respective sectors, Liberum said. The broker's 'top-picks' under a 'Remain', 'Leave' and 'Either way' scenario were, ITV, Wolseley and Bal
Read moreLiberum sees value in housebuilders after sector subsidence
22nd Apr 2016 09:34
(ShareCast News) - Broker Liberum has upgraded housebuilders Barratt Developments and Persimmon to 'hold' as it toned down its caution on the sector, but said Taylor Wimpey remained a 'sell'. Having turned cautious on housebuilders in November due to stretched valuation and fears of margin pressure,
Read moreDirector dealings: Anglo's Cutifani dips in, Mills's takes more profits at Gleeson
15th Mar 2016 15:04
(ShareCast News) - Mark Cutifani, chief executive of Anglo American, has spent £220,000 buying shares in the troubled mining company. The Australian, whose annual bonus was revealed on Monday to have shrunk 40% due to the company's tumbling share price, bought 40,000 ordinary shares of at a pr
Read moreTuesday broker round-up
3rd Nov 2015 11:08
(ShareCast News) - Getech Group: WH Ireland downgrades to sector perform, cuts target price to 40.00p. Kingfisher: JP Morgan Cazenove initiates new coverage with an underweight, sets target price at 320.00p. Intercontinental Hotels Group: Nomura reiterates to neutral, cuts target price to 2698.00p.
Read moreMJ Gleeson hikes dividend as land sales boost annual results
28th Sep 2015 15:35
(ShareCast News) - Urban regeneration and land trading group MJ Gleeson reported an increase in annual pre-tax profits and revenues, on the back of strong land sales and a solid housing market. In the 12 months to 30 June, pre-tax profit surged 41.8% year-on-year to £17.3m, while revenue jumped 44.4
Read moreMJ Gleeson completes land sale, expects annual profit to be 'significantly' higher
22nd Jun 2015 10:01
Urban regeneration group MJ Gleeson said on Monday that its subsidiary Gleeson Homes has sold a 21 acre site in Stamford Bridge, Yorkshire. The London-listed company said it expects the deal to be completed in July this year, although the sale will be recognised in the financial year ending 30 June,
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