Disruptive technology

April 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 68.0p
ASOS plc NEUTRAL 29/09/21 N/A N/A 1327p
Auto Trader Group plc NEUTRAL 24/01/22 N/A N/A 594p
Auto1 Group SE NEUTRAL 09/02/22 N/A N/A 884c
boohoo group plc OUTPERFORM 22/09/21 N/A N/A 72.8p
Carvana Co NEUTRAL 09/02/22 N/A N/A 4892c
Cazoo Group NEUTRAL 08/09/21 N/A N/A 9235c
Deliveroo plc OUTPERFORM 18/01/22 N/A N/A 95.8p
Delivery Hero OUTPERFORM 18/01/22 N/A N/A 3080c
DoorDash Inc NEUTRAL 18/01/22 N/A N/A 7315c
HelloFresh SE OUTPERFORM 09/02/22 N/A N/A 3545c
In the Style Group plc OUTPERFORM 22/09/21 N/A N/A 92.0p
Just Eat Takeaway.com OUTPERFORM 18/01/22 N/A N/A 2103c
Moonpig Group plc NEUTRAL 06/10/21 N/A N/A 201p
musicMagpie plc NEUTRAL 29/09/21 N/A N/A 55.0p
Naked Wines plc NEUTRAL 06/10/21 N/A N/A 347p
On the Beach Group plc NEUTRAL 06/10/21 N/A N/A 217p
Purplebricks Group plc NEUTRAL 24/01/22 N/A N/A 19.4p
Rightmove plc OUTPERFORM 24/01/22 N/A N/A 574p

DAVY VIEW

As for the capital markets, observers of the UK housing market are confused. April 2022 produced a further drop in the sentiment-led Twindig index (down 1%), with rising mortgage rates and warnings of a further rate rise to 2.5%, but transactions and mortgage approvals remain 16% and 7% higher than their long run-averages. Two competing forces are at play – the desire to move home versus rising affordability constraints. Will demand win out and keep the housing market's momentum going or will the chill wind of recession stop the market in its tracks?

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May 9 2022, 07:00 IST/BST

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