The ‘s’ word shines through
TRADING AT Taylor Wimpey has been strong in the second half and the group is on track to meet its full-year expectations, according to analysts at Jefferies.
The note from Jefferies added: “Taylor Wimpey’s trading statement is seasoned with several ‘s’ words: strong, stable, sustainable, but no mention of a slowdown, which leaves us keen to add some of our own: spreadsheets, slam-dunking, silverbacks.
“Share prices in the sector have been shaky since the silverback selling in September.
“In our view, it is time for the smart money to stock up on shares in the sector and we would single out the superior returns offered by the shares of Taylor Wimpey.”