Housebuilders Barratt, Bellway and TW highlighted as shares below book value - analyst
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UK housebuilders, including Barratt, Bellway, and TW, have seen a significant decline in share prices, with many trading below tangible net book value. RBC Capital Markets analysts see this as an oversold opportunity, despite concerns over cladding taxes.
December 02, 2024 | 4:15 pm
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Bellway's shares have declined significantly, trading below tangible net book value. RBC Capital Markets sees this as an oversold opportunity, despite cladding tax concerns.
Bellway's shares have dropped significantly, and analysts at RBC Capital Markets believe the stock is oversold, presenting a buying opportunity. The mention of cladding tax concerns may have a negative impact, but the overall analyst sentiment is positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80