Taylor Wimpey plc (TW) Stock Rating Reaffirmed by Deutsche Bank
Taylor Wimpey plc (LON:TW)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a report released on Friday, Market Beat.com reports. They currently have a GBX 233 ($3.35) price target on the homebuilder’s stock. Deutsche Bank’s target price points to a potential upside of 19.36% from the stock’s previous close.
In related news, insider Singer,Humphrey bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, December 18th. The stock was acquired at an average price of GBX 197 ($2.83) per share, for a total transaction of £49,250 ($70,853.11).
Shares of Taylor Wimpey plc (LON:TW) opened at 193.3000 on Friday. Taylor Wimpey plc has a one year low of GBX 132.58 and a one year high of GBX 207.40. The company’s market capitalization is GBX 6.27 billion. The stock has a 50 day moving average price of GBX 192.91 and a 200-day moving average price of GBX 193.45.
Several other research analysts have also weighed in on TW. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 220 ($3.17) target price on shares of Taylor Wimpey plc in a research report on Tuesday, January 12th. Shore Capital reaffirmed a “hold” rating on shares of Taylor Wimpey plc in a research report on Monday, January 11th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 222 ($3.19) target price on shares of Taylor Wimpey plc in a research report on Monday, November 16th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 155 ($2.23) target price on shares of Taylor Wimpey plc in a research report on Wednesday, December 2nd. Finally, Peel Hunt raised Taylor Wimpey plc to an “add” rating and set a GBX 205 ($2.95) price objective on the stock in a report on Monday, November 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 197.47 ($2.84).
Taylor Wimpey plc is a United Kingdom-based Company engaged in residential house building. The Company operates in two divisions: Housing United Kingdom and Housing Spain. The Company operates at a local level from 24 regional businesses across the United Kingdom. Its North Division covers Scotland, the North East, Yorkshire, the North West and the West Midlands. South Division incorporates the Company’s businesses in the East, South West and Wales, and South East, including London. The Company builds homes in various locations of Costa Blanca, Costa del Sol and the island of Mallorca. The Company’s Spanish housing business represents approximately 1% of the Company’s revenue.
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