Berkeley Group Holdings (The) (BKG)

Sector:

Household Goods

Index:

FTSE 100

4,766.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 4,940.00
  • 52 Week Low: 3,773.00
  • Currency: UK Pounds
  • Shares Issued: 106.10m
  • Volume: 17,045
  • Market Cap: £5,057m
  • RiskGrade: 234

Liberum backs housebuilders, names Persimmon and Taylor Wimpey top picks

By Abigail Townsend

Date: Monday 05 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Liberum has named Persimmon and Taylor Wimpey as two of its top picks, after a recent sell-off created an "attractive" buying opportunity among housebuilders.
In a note published on Monday, the broker said it saw "material upside in Persimmon and Taylor Wimpey", both of which have 'buy' ratings and price targets of 3,400p and 195p respectively.

It continued: "The recent sell-off offers an attractive buying opportunity. We expect a further round of upgrades in the next month to be a catalyst for the sector. Positive updates from the six housebuilders scheduled to report in the next month should reassure investors that trading remains strong, and the Stamp Duty holiday has not been the main driver of demand.

"We continue to find good value in the sector, as it now trades 1.7x 12-month forward price to net asset value compared to 2.1x before the pandemic. We favour Persimmon and Taylor Wimpey among the large caps, but find value more widely in the smaller householders.

"We forecast earnings to increase by 6% per annum in 2021-24, with a dividend yield of 6% in December 2022."

Among the smaller housebuilders, Liberum flagged Bellway, MJ Gleeson, Redrow and Vistry. All have 'buy' recommendations, with price targets of 4,075p, 1,060p, 800p and 1,530p, respectively.

Liberum has 'hold' ratings on Berkeley and Crest Nicholson, and a 'buy' recommendation on Barratt Developments.

Vistry, Persimmon, MJ Gleeson, Barratt, Taylor Wimpey and Bellway are all due to post updates in the coming weeks.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BKG Market Data

Currency UK Pounds
Share Price 4,766.00p
Change Today 4.00p
% Change 0.08 %
52 Week High 4,940.00
52 Week Low 3,773.00
Volume 17,045
Shares Issued 106.10m
Market Cap £5,057m
RiskGrade 234

BKG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.82% below the market average57.82% below the market average57.82% below the market average57.82% below the market average57.82% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
76.34% above the market average76.34% above the market average76.34% above the market average76.34% above the market average76.34% above the market average
30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average30.77% above the sector average
Income
18.18% above the market average18.18% above the market average18.18% above the market average18.18% above the market average18.18% above the market average
26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average26.32% below the sector average
Growth
37.87% below the market average37.87% below the market average37.87% below the market average37.87% below the market average37.87% below the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average

What The Brokers Say

Strong Buy 2
Buy 2
Neutral 6
Sell 4
Strong Sell 0
Total 14
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BKG Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 17-Aug-23
Paid 28-Mar-24 08-Sep-23
Amount 33.00p 59.30p

Trades for 28-Mar-2024

Time Volume / Share Price
13:43 230 @ 4,764.20p
13:43 420 @ 4,762.40p
13:39 44 @ 4,766.00p
13:38 122 @ 4,768.00p
13:38 87 @ 4,768.00p

BKG Key Personnel

CEO Robert C G Perrins
Finance Director Richard Stearn

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