• J. Walner

Savills Share Price Forecast - SVS

Real estate company Savills delivered a positive year-end update this morning, noting a boost from the election result had helped its operation in the UK in particular.

The group, which counts the UK and Hong Kong as two of its key markets, said that thanks to an “excellent performance” in the UK and remarkable growth in the US, it expects its full year 2019 numbers will be at the upper end of the board’s expectations.

As you can see on the chart below, Savills share price has made a brand new all-time-high. SVS share price is now at £1229 and the uptrend is set to continue.

For the coming week, the psychological round number of £1000 should act as support and the next price target is £1300.

Savills Share Price - SVS
Want to buy Savills shares with £0 Commission? Buy Shares Online

It was broadly positive on the coming year for real estate markets as well, adding: “Increased political stability in the United Kingdom should maintain improved sentiment in real estate markets. Global investor demand for secure income, restricted supply and expectations of continued low interest rates suggest that the medium and long term dynamics of the UK real estate market should remain largely positive. Nevertheless, some caution may remain until the full impact of Brexit is better understood.”.

This has in turn seen a read across to some of the UK housebuilders, in particular Taylor Wimpey (TW.L) whose shares are trading 3% higher at time of writing. They will release an update of their own tomorrow. The company share currently has one of the highest dividend yields within the FTSE100 according to analysts estimates for the year.

If you are new to the stock market, remember to read our how to buy shares UK guide to learn the fundamentals of share investments.

Please note that our Savills share price forecast and technical analysis is for informational purpose only. Feel free t subscribe to our newsletter for future SVS share price action updates.

7 views0 comments
Sign up to our free share dealing newsletter and get weekly updates on the top shares to watch for maximum return on investment.

The content of the How To Buy Shares UK website is for informational purposes only, you should not construe any such information or other material as legal, tax, investing, financial, or other advice. All articles, videos and images are of general nature and do not address the circumstances of any particular individual or entity. 

eToro is a multi-asset platform which offers both investing in shares and cryptoassets, as well as trading CFD assets. Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66pc of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 

Cryptoassets are unregulated and can fluctuate widely in price and are, therefore, not appropriate for all investors. Trading cryptoassets is not supervised by any EU regulatory framework. 

Past performance of a company shares or cryptocurrency is not an indication of future results.

This is not investment advice.

  • Twitter - Black Circle

© 2018 - 2020 How To Buy Shares UK