Analyst Views | Does Bovis' update bode well for the company's future performance?

 
Kasmira Jefford
Follow Kasmira

JON BELL SHORE CAPITAL
If it is the government’s intention to increase new housing volumes, then the house builders are rising to the challenge. Bovis, which enjoyed around 11 per cent increase in the number of its active sale outlets in the period, is no exception...We maintain our “hold” recommendation.

CHARLES HALL PEEL HUNT
The first half update has reassured in terms of the group’s volume growth with a 40 per cent increase in reservations in the first half (and around 60 per cent in the second quarter). Margins are catching up and overall we see a five to 10 per cent increase in consensus estimates for 2013.

RICHARD CURR PRIME MARKETS
There is no doubting the scale and momentum of the housing market recovery across the UK, but in spite of solid updates last week from Taylor Wimpey and Redrow, south England focused Bovis Homes steals the show...[we] expect continuing outperformance from the Bovis share price.