Taylor Wimpey plc - Trading broadly in line with estimates

Davy Research
/Read Important Disclosures

The 2016 results from Taylor Wimpey suggest a slight (2-3%) beat relative to our (and consensus) expectation. The company is positioned to continue to return large amounts of cash in the medium term, and we see the dividend yield rising close to 9% next year. We reiterate our ‘Outperform’ rating.