Deutsche Bank rates the housebuilder “buy” with a target price of 53p. The broker says in its review of the UK building sector that the firm’s recent mortgage deals with 95 per cent loan to value could pave the way for others, easing lending conditions for buyers this year.
LEGAL & GENERAL
Standard & Poor’s rates the insurer “hold” with a target price of 126p. The broker expects cash generation to make only marginal progress in 2011, with the UK delivering flat growth at best. However, it thinks L&G’s invesment management operation has long-term growth potential.