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Nov 14 2022, 07:10 GMT
Ratings and price correct at time of issue
Company | Rating | Date | Previous Rating | Date | Closing Price |
---|---|---|---|---|---|
Barratt Developments plc | OUTPERFORM | 25/06/20 | Neutral | 24/03/14 | 412p |
Bellway plc | OUTPERFORM | 24/03/14 | Neutral | 10/09/13 | 2102p |
Berkeley Group | UNDERPERFORM | 10/09/13 | Under Review | 21/05/13 | 3836p |
Persimmon plc | NEUTRAL | 17/08/20 | Underperform | 10/09/13 | 1354p |
Redrow plc | NEUTRAL | 10/09/13 | Under Review | 21/05/13 | 471p |
Taylor Wimpey plc | OUTPERFORM | 10/09/13 | Under Review | 21/05/13 | 105p |
Vistry Group | OUTPERFORM | 10/09/13 | Under Review | 21/05/13 | 662p |
Recent trading updates in the sector have reinforced our view that trading will continue to be difficult for homebuilders well into 2023. Our headline assumptions for the market (volume -15%, price -5%) have driven downgrades of 30-35% today. We remain cautious on the sector and continue to prefer Bellway and Taylor Wimpey on a relative basis.
Nov 14 2022, 07:10 GMT