Taylor Wimpey (TW) Sets New 12-Month Low at $130.10
Taylor Wimpey plc (LON:TW) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 130.10 ($1.70) and last traded at GBX 131.20 ($1.71), with a volume of 16308994 shares changing hands. The stock had previously closed at GBX 133.65 ($1.75).
Several research analysts have commented on the company. Barclays reissued an “overweight” rating and issued a GBX 200 ($2.61) price objective (down from GBX 206 ($2.69)) on shares of Taylor Wimpey in a research report on Wednesday, September 12th. Deutsche Bank cut their price objective on Taylor Wimpey from GBX 244 ($3.19) to GBX 237 ($3.10) and set a “buy” rating on the stock in a research report on Thursday, August 30th. Liberum Capital reissued a “hold” rating on shares of Taylor Wimpey in a research report on Tuesday, November 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Taylor Wimpey in a research report on Wednesday, November 14th. Finally, Credit Suisse Group cut their price objective on Taylor Wimpey from GBX 182 ($2.38) to GBX 173 ($2.26) and set a “neutral” rating on the stock in a research report on Wednesday, November 14th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Taylor Wimpey presently has a consensus rating of “Buy” and an average target price of GBX 205.60 ($2.69).
In other Taylor Wimpey news, insider Kevin S. Beeston bought 112,870 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were acquired at an average cost of GBX 132 ($1.72) per share, with a total value of £148,988.40 ($194,679.73).
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Taylor Wimpey plc operates as a homebuilding company in the United Kingdom and Spain. It builds various homes, such as one- and two-bedroom apartments to six-bedroom detached houses. The company was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.
See Also: Cash Flow
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