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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’.


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