LSL Property Services (LSL)

Sector:

Real Estate

Index:

FTSE Small Cap

266.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 304.00
  • 52 Week Low: 216.00
  • Currency: UK Pounds
  • Shares Issued: 103.98m
  • Volume: 3,007
  • Market Cap: £276.59m
  • RiskGrade: 215

Countryside is star buy for Jefferies in upbeat housebuilders report

By Sean Farrell

Date: Tuesday 02 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Countryside is the star share among UK housebuilders, Jefferies said as it started coverage of the industry with an upbeat report.
Jefferies rated six British builders \'buy\' and five \'hold\' with no \'sell\' ratings. As well as Countryside, analyst Glynis Johnson and her team recommended buying Barratt Developments, Bellway, McCarthy & Stone, Taylor Wimpey and Watkin Jones.

\"We initiate with a positive stance on UK housebuilders, and our key pick in the sub-sector is Countryside,\" Johnson wrote in a report.

Countryside\'s share price has outperformed peers since its listing but there is more good news to come, the analysts said.

The company\'s partnership business, which works with local authorities or housing associations to build affordable homes, is its best performing division and is undervalued by the market, they said. Countryside could decide to sell or split off its housebuilding business, which shareholders effectively get for free at the company\'s current valuation, they added.

\"We believe this partnership business remains underestimated both in terms of its less cyclical customer demand profile, growth potential and ROCE (return on capital) contribution,\" Johnson wrote.

Jefferies gave \'hold\' ratings to Berkeley Group, Bovis, Crest Nicholson, Persimmon and Redrow.

Among building distributors, Ferguson is the top pick at \'buy\' with SIG and Travis Perkins rated \'hold\'. Contractors Keller and Morgan Sindall are rated \'buy\' and Kier is a \'hold\'.

Investors should stick with shares of estate agents Countrywide and LSL, both rated \'hold\', the analysts said.



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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.

 

LSL Market Data

Currency UK Pounds
Share Price 266.00p
Change Today -4.00p
% Change -1.48 %
52 Week High 304.00
52 Week Low 216.00
Volume 3,007
Shares Issued 103.98m
Market Cap £276.59m
RiskGrade 215

LSL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.69% below the market average5.69% below the market average5.69% below the market average5.69% below the market average5.69% below the market average
17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average17.95% below the sector average
Price Trend
2.63% below the market average2.63% below the market average2.63% below the market average2.63% below the market average2.63% below the market average
11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average11.63% below the sector average
Income
60.40% above the market average60.40% above the market average60.40% above the market average60.40% above the market average60.40% above the market average
74.19% above the sector average74.19% above the sector average74.19% above the sector average74.19% above the sector average74.19% above the sector average
Growth
40.75% below the market average40.75% below the market average40.75% below the market average40.75% below the market average40.75% below the market average
28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average28.21% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LSL Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Oct-23 27-Apr-23
Paid 10-Nov-23 02-Jun-23
Amount 4.00p 7.40p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 3,007 @ 266.00p
16:35 1 @ 266.00p
16:35 60 @ 266.00p
16:35 1 @ 266.00p
16:35 78 @ 266.00p

LSL Key Personnel

CEO David Stewart

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