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Savills plc (SVS.L)

LSE - LSE Delayed price. Currency in GBp
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814.00-13.00 (-1.57%)
At close: 5:07PM BST
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Previous close827.00
Open832.00
Bid807.50 x 0
Ask809.50 x 0
Day's range803.97 - 832.00
52-week range7.46 - 1,268.00
Volume88,941
Avg. volume235,399
Market cap1.165B
Beta (5Y monthly)1.40
PE ratio (TTM)16.28
EPS (TTM)50.00
Earnings date06 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date09 Apr 2020
1y target est1,079.75
  • Britain's Savills hurt by lockdown curbs on property visits
    Reuters

    Britain's Savills hurt by lockdown curbs on property visits

    The company said real estate investment activity contracted by 40% in Asia Pacific, while investments in Europe nearly halved in the second quarter. Britain's property market was already facing a meltdown due to Brexit-related uncertainties before the pandemic brought the sector to a virtual standstill, in tandem with the global markets. "In recent weeks we have seen signs of recovery in residential markets and a number of commercial transaction markets around the world," he said, adding that the performance in the second half would depend on whether the momentum is sustained.

  • Could The Market Be Wrong About Savills plc (LON:SVS) Given Its Attractive Financial Prospects?
    Simply Wall St.

    Could The Market Be Wrong About Savills plc (LON:SVS) Given Its Attractive Financial Prospects?

    Savills (LON:SVS) has had a rough three months with its share price down 24%. However, a closer look at its sound...

  • Global Real Estate Investment Plunges Amid Covid Pandemic
    Bloomberg

    Global Real Estate Investment Plunges Amid Covid Pandemic

    (Bloomberg) -- Global real estate investment fell by 33% in the first half as the coronavirus pandemic battered economies and disrupted deals.The Asia-Pacific region took the biggest hit, with volumes down 45% from the year-earlier period, because it was the first struck by the outbreak, according to a report from broker Savills Plc. Investment dropped by 36% in the Americas and 19% in Europe, the Middle East and Africa.Investment is “expected to remain well below pre-pandemic levels for the rest of 2020 as investors wait for market clarity,” Simon Hope, Savills head of global capital markets, said in a statement on Monday. “However, certain sectors are expected to outperform as investors focus on secure assets, namely logistics, residential and life sciences.”The global economy has been hammered by the pandemic, with the International Monetary Fund forecasting a 4.9% contraction this year. IMF chief economist Gita Gopinath has said the cumulative loss for the world economy this year and next as a result of the recession is expected to reach $12.5 trillion.Still, the investment decline was less severe than at the start of the last financial crisis in the first half of 2008, when investment cratered by 49% and kept falling until the middle of 2009, Sophie Chick, director of Savills World Research team, said in the statement.With the tourism industry shut down for months by government lockdowns, hotels saw investment decline by 59% in the first half of the year, followed by a 41% drop for retail properties, according to the Savills report. Industrial and residential properties fared better.Among the few bright spots in the Savills report was a 105% increase in Asian residential real estate investment, driven by Blackstone Group Inc.’s deal to buy a collection of Japanese apartments from Anbang Insurance Group for close to $3 billion, according to the report.The U.K. and other major countries have indicated that they intend to boost spending on infrastructure projects to help lift their economies out of recession. Prime Minister Boris Johnson, for example, has said his government plans to “build, build, build” to drive growth.“This generally bodes well for the real estate industry, as it potentially creates more assets to invest in as well as reducing unemployment rates,” Hope said.(Updates with Savills comment in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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