Canaccord Genuity Reaffirms “Hold” Rating for Taylor Wimpey plc (TW)
Canaccord Genuity restated their hold rating on shares of Taylor Wimpey plc (LON:TW) in a research note published on Monday morning. They currently have a GBX 210 ($2.76) target price on the homebuilder’s stock.
Several other equities analysts have also recently commented on TW. Liberum Capital restated a hold rating and set a GBX 181 ($2.38) price target on shares of Taylor Wimpey plc in a report on Monday. Peel Hunt restated an add rating and set a GBX 210 ($2.76) price target on shares of Taylor Wimpey plc in a report on Monday. J P Morgan Chase & Co boosted their price target on shares of Taylor Wimpey plc from GBX 200 ($2.63) to GBX 210 ($2.76) and gave the company an overweight rating in a report on Friday, September 29th. boosted their price target on shares of Taylor Wimpey plc from GBX 211 ($2.78) to GBX 244 ($3.21) and gave the company a buy rating in a report on Thursday, August 17th. Finally, Barclays PLC cut shares of Taylor Wimpey plc to an equal weight rating and set a GBX 208 ($2.74) price objective for the company. in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of GBX 212.57 ($2.80).
Taylor Wimpey plc (LON TW) traded up GBX 1.20 ($0.02) during midday trading on Monday, reaching GBX 196 ($2.58). 8,589,928 shares of the company’s stock traded hands, compared to its average volume of 13,630,000. Taylor Wimpey plc has a 12-month low of GBX 144.50 ($1.90) and a 12-month high of GBX 208.60 ($2.74).
In related news, insider Ryan Mangold sold 100,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of GBX 193 ($2.54), for a total value of £193,000 ($253,847.17). Insiders have bought 226 shares of company stock valued at $45,049 in the last ninety days.
About Taylor Wimpey plc
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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