Join our community of smart investors

How reliable are housebuilders’ forecasts?

Grappling with the disconnect between analyst bullishness and investor pessimism
How reliable are housebuilders’ forecasts?

Are the shares of UK housebuilders cheap? Or cheap for a good reason?

The brokers that cover the sector have given their answer. Exclude Berkeley Group (BKG), whose exposure to a jittery prime London market puts it in a separate category to the national developers, and there are seven housebuilders with a market capitalisation of at least £2bn. Within this clique, 85 of the 101 research reports carry a ‘buy’ or ‘overweight’ rating. None are listed as a ‘sell’.

 

To continue reading...
Join our Community of Smart Investors
  • Independent full-length company analysis
  • Actionable investment ideas and recommendations
  • Expert investment tools and data
  • Stock screens from Algy Hall
Have an account? Sign in