Barclays Increases Taylor Wimpey Price Target to GBX 156.50 (TW)
Research analysts at Barclays boosted their target price on shares of Taylor Wimpey (LON:TW) from GBX 146.80 ($2.41) to GBX 156.50 ($2.57) in a report released on Tuesday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would suggest a potential upside of 40.11% from the stock’s previous close.
Shares of Taylor Wimpey (LON:TW) traded up 0.63% during mid-day trading on Tuesday, hitting GBX 112.00. 6,438,290 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 112.8 and a 200-day moving average of GBX 108.1. The company’s market cap is £3.579 billion.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Taylor Wimpey in a research note to investors on Monday. They now have a GBX 155 ($2.55) price target on the stock. Separately, 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. Five research 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 128.77 ($2.12).
Taylor Wimpey plc is a homebuilding company. It is a residential developer with operations in the United Kingdom and Spain.
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