Taylor Wimpey’s “Buy” Rating Reaffirmed at Deutsche Bank (TW)
Taylor Wimpey (LON:TW)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 155 ($2.54) price target on the stock. Deutsche Bank’s target price suggests a potential upside of 28.63% from the company’s current price.
Shares of Taylor Wimpey (LON:TW) traded up 1.60% on Tuesday, hitting GBX 120.50. 11,203,873 shares of the company’s stock traded hands. Taylor Wimpey has a 52-week low of GBX 74.25 and a 52-week high of GBX 121.90. The stock has a 50-day moving average of GBX 114.4 and a 200-day moving average of GBX 108.5. The company’s market cap is £3.850 billion.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Taylor Wimpey in a research note on Monday. They now have a GBX 119 ($1.95) price target on the stock. Separately, analysts at Barclays raised their price target on shares of Taylor Wimpey from GBX 146.80 ($2.41) to GBX 156.50 ($2.57) in a research note on Tuesday, February 4th. They now have an “overweight” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Taylor Wimpey from GBX 141 ($2.31) to GBX 135 ($2.21) in a research note on Friday, January 31st. They now have a “buy” rating on the stock. 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 has a consensus rating of “Buy” and an average price target of GBX 129.10 ($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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