Deutsche Bank Reiterates “Buy” Rating for Taylor Wimpey (TW)
Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Monday, Analyst Ratings News reports. They currently have a GBX 155 ($2.55) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 39.26% from the company’s current price.
Taylor Wimpey (LON:TW) traded down 0.80% on Monday, hitting GBX 111.30. 11,217,554 shares of the company’s stock traded hands. Taylor Wimpey has a 1-year low of GBX 70.95 and a 1-year high of GBX 121.90. The stock has a 50-day moving average of GBX 113.2 and a 200-day moving average of GBX 108.2. The company’s market cap is £3.556 billion.
A number of other firms have also recently commented on TW. Analysts at Jefferies Group cut their price target on shares of Taylor Wimpey from GBX 141 ($2.32) to GBX 135 ($2.22) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Taylor Wimpey in a research note to investors on Thursday, January 16th. Finally, analysts at Beaufort Securities reiterated a “hold” rating on shares of Taylor Wimpey in a research note to investors on Thursday, January 16th. Five 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’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 127.96 ($2.10).
Taylor Wimpey plc is a homebuilding company. It is a residential developer with operations in the United Kingdom and Spain.
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