Taylor Wimpey Given “Buy” Rating at Deutsche Bank (TW)
Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Friday, Stock Ratings Network reports. They currently have a GBX 155 ($2.54) price objective on the stock. Deutsche Bank’s price target would suggest a potential upside of 38.89% from the company’s current price.
Taylor Wimpey (LON:TW) traded down 3.29% during mid-day trading on Friday, hitting GBX 111.60. The stock had a trading volume of 13,762,026 shares. Taylor Wimpey has a 52-week low of GBX 70.25 and a 52-week high of GBX 121.90. The stock’s 50-day moving average is GBX 112. and its 200-day moving average is GBX 107.8. The company’s market cap is £3.566 billion.
A number of other firms have also recently commented on TW. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Taylor Wimpey in a research note to investors on Thursday, January 16th. Separately, analysts at Beaufort Securities reiterated a “hold” rating on shares of Taylor Wimpey in a research note to investors on Thursday, January 16th. Finally, analysts at Jefferies Group raised their price target on shares of Taylor Wimpey from GBX 132 ($2.17) to GBX 141 ($2.31) in a research note to investors on Wednesday, January 15th. They now have a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 128.46 ($2.11).
Taylor Wimpey plc is a homebuilding company. It is a residential developer with operations in the United Kingdom and Spain.
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