Taylor Wimpey (TW) Price Target Increased to GBX 246 by Analysts at Deutsche Bank
Taylor Wimpey (LON:TW) had its target price increased by Deutsche Bank from GBX 243 ($3.25) to GBX 246 ($3.29) in a research note published on Thursday morning. The firm currently has a buy rating on the homebuilder’s stock.
A number of other equities research analysts also recently issued reports on the stock. Shore Capital reiterated a hold rating on shares of Taylor Wimpey in a research note on Wednesday, November 8th. Liberum Capital reiterated a hold rating and set a GBX 181 ($2.42) price objective on shares of Taylor Wimpey in a research note on Monday, October 2nd. Beaufort Securities reiterated a buy rating and set a GBX 220 ($2.95) price objective on shares of Taylor Wimpey in a research note on Wednesday, August 2nd. Bank of America reiterated an underperform rating and set a GBX 160 ($2.14) price objective on shares of Taylor Wimpey in a research note on Tuesday, September 12th. Finally, Canaccord Genuity reiterated a hold rating and set a GBX 210 ($2.81) price objective on shares of Taylor Wimpey in a research note on Monday, November 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 212.79 ($2.85).
Shares of Taylor Wimpey (LON TW) traded down GBX 1.10 ($0.01) during trading on Thursday, reaching GBX 194.40 ($2.60). 10,539,062 shares of the company’s stock were exchanged, compared to its average volume of 15,400,000. Taylor Wimpey has a 12-month low of GBX 144.50 ($1.94) and a 12-month high of GBX 208.60 ($2.79).
In related news, insider Ryan Mangold sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of GBX 193 ($2.58), for a total value of £193,000 ($258,470.60). In the last quarter, insiders purchased 226 shares of company stock valued at $45,049.
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About Taylor Wimpey
Taylor Wimpey plc is a residential developer. The Company operates at a local level from 24 regional businesses across the United Kingdom, and it has operations in Spain. Its segments include Housing United Kingdom and Housing Spain. The Housing United Kingdom segment includes North, Central and South West, and London and South East (including Central London) divisions.
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