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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 164.60p
Change Today:
-1.45p
Market Cap:
6,002m
Sector:
Household Goods & Home Construction

Jefferies upgrades Taylor Wimpey, downgrades Barratt

By Michele Maatouk

Date: Monday 08 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Jefferies upgraded Taylor Wimpey to 'buy' from 'hold' on Monday citing improving risk/reward and downgraded rival Barratt Developments to 'hold' from 'buy' following a strong share price performance.
"As confidence in the resilience of housing demand grows, we believe investors will continue to focus on the upside potential of forecasts across UK housebuilders," the bank said in a note on the housebuilding sector.

It said buy-rated Persimmon remains its top pick.

"With near-term build rates suggesting upside to FY21 completions, significant further upside in the later years towards capacity, and cost savings and the pull-through from the higher margin land bank supporting sector leading profitability and return on capital employed, we anticipate Persimmon consensus to see continued upward momentum."

Jefferies said the upside potential to EBIT forecasts at Taylor Wimpey appears some of the most pronounced in the sector, with the rights issue funded land purchases offering a pathway of volumes towards group capacity and still meaningful upside to previous/land bank margin levels.

"Execution risk remains key and confidence among investors will need to be regained," it said. "But with growing evidence of the robust market and upgrades at peers, the tide of improving sentiment we believe will once again capture Taylor Wimpey."

As far as Barratt is concerned, it said forecasts now reflect the strong improvement in margin targeted by management and while volume estimates remain short of reaching the group's capacity levels, the scale of this upside potential is now more constrained.

"There continues to be opportunity for net cash estimates for FY22 to prove too conservative and we have upped our special dividend payable Nov 22 to 20p. However while the stock remains inexpensive at 10.5x price-to-earnings, after 20% sector outperformance over the past two years, we anticipate relative momentum to fade."

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Taylor Wimpey Market Data

Currency UK Pounds
Price 164.60p
Change Today -1.45p
52 Week High 191.70p
52 Week Low 99.18p
Volume 6,016,219
Shares Issued 3,646.48m
Market Cap 6,002m

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 15
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 18
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 30-Jul-2021

Time Volume / Share Price
16:35 3,662,712 @ 164.60p
16:29 4 @ 164.70p
16:29 2 @ 164.70p
16:29 18,099 @ 164.88p
16:29 3 @ 164.85p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Irene Dorner