Berenberg points out value in UK housebuilders
25th Jul 2018 10:31
(Sharecast News) - Berenberg initiated coverage of a host of housebuilders on Wednesday at buy' and 'hold' ratings, after the sector has endured a tough 2018 and with shares down 16% amid concerns about cooling house price inflation and rising build costs.
Read moreAnalysts mostly bullish on houseuilders after housing White Paper
8th Feb 2017 11:40
(ShareCast News) - HSBC kept 'buy' recommendations on all the UK housebuilding stocks it covers, as the government's housing white paper contains "few measures that would upset the expected delivery of homes" from the major developers, with Bellway and Bovis offering the most upside. A note from Num
Read moreHouse builders' shares up after UK housing market white paper
7th Feb 2017 13:56
(ShareCast News) - Shares in UK home builders are up on Tuesday after the issue of the government's much-anticipated strategy for the country's 'broken' house market. The white paper -- titled Fixing Our Broken Housing Market -- included plans for more affordable homes, including councils having to
Read moreThursday broker round-up
12th Jan 2017 13:49
(ShareCast News) - Hays: Deutsche Bank upgrades to Hold with a target price of 160p. Pagegroup: Jefferies reiterates Hold with a target price of 395p. Taylor Wimpey: Deutsche Bank reiterates Buy with a target price of 244p. Sainsbury: HSBC maintains Reduce with a target price of 205p. Tullow Oil:
Read moreTaylor Wimpey upbeat after year of broad growth
11th Jan 2017 07:12
(ShareCast News) - Housebuilder Taylor Wimpey updated the market on its trading ahead of its full year results for the 2016 calendar year, which it said will be announced on 28 February. The FTSE 100 firm said that during the year, total home completions increased by 4% to 13,881, including Taylor W
Read moreFTSE 100 movers: Persimmon update lifts builders, JP Morgan dents insurers
5th Jan 2017 14:40
(ShareCast News) - Housebuilding shares led the FTSE 100 higher for the second day, with Persimmon head of the pack as it issued a bullish year-end update. Ahead of full year results due on 27 February, Persimmon said revenues for calendar 2016 were 8% ahead of the previous year, as sales growth for
Read moreBroker tips: Shell, Bovis Homes, housebuilders
4th Jan 2017 15:52
(ShareCast News) - RBC Capital Markets upgraded Royal Dutch Shell to 'outperform' from 'sector perform', keeping the price target at 2,500p. The bank said the recent OPEC and non-OPEC supply deals have put the oil market on a much firmer footing, removing some of its tail-risk concerns for the oil g
Read moreWednesday broker round-up
4th Jan 2017 14:30
(ShareCast News) - British American Tobacco: UBS reiterates hold with a target price of 5150p. Bovis: Jefferies reiterates hold, 886p target. Royal Dutch Shell: RBC upgrades to outperform with a 2500p target. Imperial Brands: Berenberg reiterates buy with a 4280p target. Barratt Developments: Deu
Read moreHousebuilders climb as Deutsche highlights sector's value, yields, risks
4th Jan 2017 12:14
(ShareCast News) - Deutsche Bank has highlighted the "significant" value in the UK housebuilders sector, singling out Taylor Wimpey as its top pick and upgrading McCarthy & Stone onto its 'buy' list. Noting that investor appetite for UK focused stocks has subsided in light of risks around Brexit, De
Read moreFTSE 100 movers: Pharmaceutical stocks lead FTSE's rally
16th Dec 2016 14:11
(ShareCast News) - The FTSE 100 rose 0.11% to 7,006.73 points on Friday afternoon with pharmaceutical stocks leading the way. Hikma Pharmaceuticals, Shire and Astrazeneca rallied on a positive read-across following reports Sanofi is in advanced talks to acquire Actelion. The companies are said to b
Read moreJP 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 moreFTSE 100 movers: Miners fly south, housebuilders warmed by BoE data
29th Nov 2016 15:05
(ShareCast News) - As London woke to the first winter's frost, a flock of commodities heavyweights flapped south to send the FTSE 100 into negative territory on Tuesday. A fall in metals prices, led by copper, saw investors migrate out of Antofagasta, Fresnillo, BHP Billiton, Rio Tinto, Anglo Americ
Read moreTaylor Wimpey says UK housing market resilient despite Brexit uncertainties
14th Nov 2016 07:23
(ShareCast News) - Housebuilder Taylor Wimpey said the UK housing market remained resilient, despite the implications of Brexit being unclear. The company said trading during the second half of this year had been strong with high levels of customer confidence. "Looking ahead, we remain confident tha
Read moreDirectors dealings: Barratt executives pick up shares
24th Oct 2016 13:49
(ShareCast News) - Two of Barratt Developments's top executives topped up their holdings in the homebuilder. Chairman John Allan bought 20,000 shares for 484p apiece on 21 October, the company said in a statement. He was accompanied that same day by one of the company's non-executive directors, Ric
Read moreHouse prices helped by demand rebound and historic supply low, RICS says
13th Oct 2016 09:35
(ShareCast News) - Surveyors reported an unexpected increase in house prices in the last three months as demand rose but the supply of new homes for sale dropped off and numbers for sale in London dropped to a historic low. The Royal Institution for Chartered Surveyors (RICS) revealed the headline b
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