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Trade Parameters
Observations – For
Observations – Against
Share price sell-off found support. Today’s UK Halifax House Price data was supportive of the Housebuilding sector, helping peer share price rise. Broker Jefferies (29 May) expects more special dividends. The shares have a highly attractive 8.3% forecast dividend yield, the highest on the UK 100 .
Broker consensus is bullish, with 50% of analysts saying Buy (44% Hold) and only 6% saying sell. Furthermore, 73% of price targets suggest upside from current levels and a share price rebound could encourage some of the Neutral brokers to upgrade to Buy.
Next Event: Monthly House price data; Half Year results: 31 July;
Latest Broker 12-Month Consensus: 50% Buy, 44% Hold, 6% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -5.3 | -1.3 | 1.4 | -3.6 | 6.4 | 1.1 | 3.2 | 70.2 | 104.5 |
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