You are here

Prices & Quotes - UK Markets - Taylor Wimpey (TW.)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 170.90p
Change Today:
-1.60p
Market Cap:
6,230m
Sector:
Household Goods & Home Construction

Taylor Wimpey says 2020 results will be in line with market views

By Michele Maatouk

Date: Thursday 14 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Housebuilder Taylor Wimpey said on Thursday that its 2020 results will be in line with market expectations despite the impact of the Covid-19 pandemic.
In an update for the year to 31 December, the company said total UK completions fell by around 39% to 9,609, mainly due to the impact of the shutdown on second-quarter production. The company's net private reservation rate for the year was 0.76 homes per outlet per week, down from 0.96 in 2019.

Meanwhile, cancellation rates were above normal levels at 20%, versus 15% the year before, but normalised in the final quarter to 16%, in line with 2019. Average selling prices on private completions rose 6% to 323,000, with the overall average selling price increasing to 288,000 from 269,000 in 2019, driven mostly by change in mix, Taylor Wimpey said.

The group ended the year with a total order book valued at 2.68bn, up from 2.18bn at the end of December 2019 as demand for its homes remained strong.

Taylor Wimpey said that from 16 December, it began taking reservations under the new phase of the Help to Buy scheme and, up to 31 December, made 650 reservations under the new scheme for completions from the second quarter of 2021.

Chief executive Pete Redfern said: "Our 2020 results will be in line with market expectations. While operations were impacted by the shutdown period in the second quarter, the subsequent return to near normal construction capacity and continuing resilience of the UK housing market enabled sales and production to recover strongly towards the end of the year. We increased new investment in land in the second half of the year as high quality land became available at attractive margins.

"We start the year with an excellent order book and ongoing focus on strengthening the business and improving margins. This will position Taylor Wimpey well to deliver strong and reliable returns for our stakeholders over the medium term."

Canaccord Genuity said: "Overall, it is a solid update and the tone is a bit more positive on the outlook than the slightly more cautious tone communicated by some peers recently. Consensus is unlikely to change materially but looks very well supported. Valuation looks relatively attractive versus the sector average."

Canaccord rates the stock at 'buy' with a 190p price target.

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
Price 170.90p
Change Today -1.60p
52 Week High 205.90p
52 Week Low 99.18p
Volume 9,956,894
Shares Issued 3,645.69m
Market Cap 6,230m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
EPS Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 15
Buy 1
Neutral 2
Sell 1
Strong Sell 0
Total 19
strong_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
  Final Interim
Ex-Div 01-Apr-21 03-Oct-19
Paid 14-May-21 08-Nov-19
Amount 4.14p 3.84p

Trades for 05-Mar-2021

Time Volume / Share Price
16:38 95,000 @ 170.90p
16:38 10,440 @ 170.90p
16:38 34,801 @ 170.90p
16:38 2,475 @ 170.90p
16:36 368 @ 170.90p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Irene Dorner