Taylor Wimpey (TW) Price Target Raised to GBX 246
Taylor Wimpey (LON:TW) had its target price raised by investment analysts at Deutsche Bank from GBX 243 ($3.25) to GBX 246 ($3.29) in a research note issued on Thursday. The firm currently has a “buy” rating on the homebuilder’s stock. Deutsche Bank’s price objective would indicate a potential upside of 26.02% from the company’s current price.
Several other analysts also recently issued reports on TW. Beaufort Securities reissued a “buy” rating and issued a GBX 220 ($2.95) price target on shares of Taylor Wimpey in a report on Wednesday, August 2nd. raised their price target on Taylor Wimpey from GBX 211 ($2.83) to GBX 244 ($3.27) and gave the stock a “buy” rating in a report on Thursday, August 17th. Shore Capital reissued a “hold” rating on shares of Taylor Wimpey in a report on Thursday, August 31st. Bank of America reissued an “underperform” rating and issued a GBX 160 ($2.14) price target on shares of Taylor Wimpey in a report on Tuesday, September 12th. Finally, Peel Hunt raised Taylor Wimpey to an “add” rating and set a GBX 210 ($2.81) price target on the stock in a report on Wednesday, September 27th. One equities research 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. Taylor Wimpey presently has an average rating of “Hold” and a consensus target price of GBX 212.79 ($2.85).
Shares of Taylor Wimpey (LON TW) opened at GBX 195.20 ($2.61) on Thursday. Taylor Wimpey has a 1-year low of GBX 144.50 ($1.94) and a 1-year high of GBX 208.60 ($2.79).
In other news, insider Ryan Mangold sold 100,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of GBX 193 ($2.58), for a total value of £193,000 ($258,470.60). Insiders bought a total of 226 shares of company stock worth $45,049 in the last three months.
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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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