Disruptive technology

February UK housing snapshot

  • Companies : Purplebricks Group plc | Rightmove plc

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
AO World plc NEUTRAL 22/09/21 N/A N/A 86.9p
ASOS plc NEUTRAL 29/09/21 N/A N/A 1581p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 631p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 1092c
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 71.3p
Carvana Co NEUTRAL 09/02/22 N/A N/A 12333c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 22113c
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 113p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 4282c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 10168c
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 3981c
In the Style Group plc OUTPERFORM 22/09/21 N/A N/A 85.0p
Just Eat Takeaway.com OUTPERFORM 18/01/22 N/A N/A 2968c
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 223p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 75.0p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 383p
On the Beach Group plc NEUTRAL 06/10/21 N/A N/A 223p
Purplebricks Group plc NEUTRAL 24/01/22 N/A N/A 14.6p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 668p

DAVY VIEW

We follow the UK housing market to inform our view on Rightmove (RMV) and Purplebricks Group (PURP). RMV is less impacted by the ups and downs, but PURP seems to struggle in a challenging market. Akin to the capital markets, observers are confused – what happens next? February 2022 showed a significant drop in the sentiment-led Twindig index, down c.6%, but transactions and mortgage approvals were up 9% and 12% respectively against the long-run average.

Download full report with analyst certification and important disclosures

Mar 7 2022, 07:00 GMT

Download