Taylor Wimpey (TW) PT Raised to GBX 220 at J P Morgan Chase & Co
Taylor Wimpey (LON:TW) had its price target lifted by investment analysts at J P Morgan Chase & Co from GBX 210 ($2.83) to GBX 220 ($2.96) in a research note issued on Thursday. The brokerage currently has an “overweight” rating on the homebuilder’s stock. J P Morgan Chase & Co’s target price suggests a potential upside of 8.96% from the company’s previous close.
TW has been the subject of several other research reports. Liberum Capital reaffirmed a “hold” rating and issued a GBX 181 ($2.44) target price on shares of Taylor Wimpey in a research note on Monday, October 2nd. Deutsche Bank upped their target price on Taylor Wimpey from GBX 243 ($3.27) to GBX 246 ($3.31) and gave the stock a “buy” rating in a research note on Thursday, November 30th. Peel Hunt reaffirmed an “add” rating and issued a GBX 210 ($2.83) target price on shares of Taylor Wimpey in a research note on Monday, November 13th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 210 ($2.83) target price on shares of Taylor Wimpey in a research note on Monday, November 13th. Finally, Barclays lowered Taylor Wimpey to an “equal weight” rating and set a GBX 208 ($2.80) target price for the company. in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 213.50 ($2.87).
Shares of Taylor Wimpey (LON:TW) opened at GBX 201.90 ($2.72) on Thursday. Taylor Wimpey has a 52 week low of GBX 150.90 ($2.03) and a 52 week high of GBX 208.60 ($2.81).
In related news, insider Ryan Mangold sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of GBX 193 ($2.60), for a total transaction of £193,000 ($259,757.74). In the last 90 days, insiders have purchased 227 shares of company stock valued at $45,171.
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Taylor Wimpey Company Profile
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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