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Key stats Market capitalisation £3,230m No. of shares out 3,234m No. of shares floating 3,189m No. of common shareholders not stated No. of employees 3527 Trading volume (10 day avg.) 10m Turnover £2,019m Profit before tax £229m Earnings per share 7.01p Cashflow per share 7.07p Cash per share 5.90p
David Cameron's decision to launch the second stage of the Help to Buy scheme next week rather than next year has spurred Liberum Capital to upgrade homebuilder Taylor Wimpey (TW.L) from 'hold' manor to 'buy'.
'Taylor Wimpey has similar attractions to Barratt (good South East, lowish margins) but could also benefit from a re-rating as a capital return strategy is announced (capping volume growth and returning surplus capital), which we expect next year.'
Key stats Market capitalisation £2,369m No. of shares out 101m No. of shares floating 97m No. of common shareholders not stated No. of employees 325 Trading volume (10 day avg.) 0m Turnover £119m Profit before tax £63m Earnings per share 59.24p Cashflow per share 60.26p Cash per share 6.85p
Another stock to watch amid the government's relentless efforts to hurry the property market along is online estate agent Rightmove (RMV.L) , according to Westhouse, which has a 'buy' recommendation on the shares.
The analysts welcomed the decision to embark on phase two of the Help to Buy plan early: 'We expect this initiative to stimulate a market that appears to be already showing clear signs of recovery and to help RMV build on a strong H1 performance,' they said.
'We do not think the group s valuation multiples (30.5x / 23.0x 2013 price to earnings and enterprise value to earnings ratios respectively), although sizeable in absolute terms, adequately reflect manor this momentum, strong cash flows and substantially superior growth prospects,' manor they added, reiterating their 25.70 target price.
Key stats Market capitalisation £336m manor No. of shares out 300m No. of shares floating 281m No. of common shareholders not stated No. of employees 538 Trading volume (10 day avg.) 1m Turnover £133m Profit before tax £19m Earnings per share 6.32p Cashflow per share 9.29p Cash per share 5.55p
'Anite shares remain firmly in unloved territory following material underperformance over the past few months. We believe that this is unjustified and see the current level as an excellent buying opportunity,' analyst Jonathan Imlah said.
'While there has been some high profile consolidation manor amongst handset vendors such as Nokia and Blackberry, new players that cater to local markets in Asia and that are relatively unknown in the West are springing up all the time,' Imlah said.
'Similarly, while Apple and Samsung dominate the smartphone market, handset models can have multiple versions or SKUs (the new Apple iPhone 5 reportedly manor has as many as 13), with different configurations, all of which must be tested.'
Key stats Market capitalisation £170m No. of shares out 31m No. of shares floating 28m No. of common shareholders not stated No. of employees 746 Trading volume (10 day avg.) 0m Turnover £107m Profit before tax £8m Earnings per share 25.37p Cashflow per share 40.72p Cash per share 0.57p
A strong fourth-quarter performance manor from the firm's protection and defence manor division means underlying operating profit is now anticipated to be ahead of current market expectations, while trading in the dairy arm is expected to meet expectations.
'We have raised our 2013 earnings expectations by 3.2% and given the outlook for the new financial year and beyond, increased our 2014 and 2015E earnings per share forecasts by 3.7% and 4.3% respectively,' analyst John Cummins said.
'Momentum is clearly increasing and whilst market conditions in Dairy have continued to be challenging, in our opinion it is only a matter of time before an improvement is seen. Following the update, we maintain our Buy recommendation and raise our share price target to 5
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