Taylor Wimpey plc (TW) Price Target Increased to GBX 167 by Analysts at Canaccord Genuity
Taylor Wimpey plc (LON:TW) had its price objective raised by analysts at Canaccord Genuity from GBX 140 ($1.83) to GBX 167 ($2.18) in a report issued on Tuesday. The brokerage presently has a “buy” rating on the homebuilder’s stock. Canaccord Genuity’s target price indicates a potential upside of 11.26% from the company’s current price.
Other equities analysts have also recently issued reports about the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of Taylor Wimpey plc in a report on Tuesday, May 31st. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 250 ($3.26) price objective on shares of Taylor Wimpey plc in a report on Thursday, July 28th. Numis Securities Ltd raised Taylor Wimpey plc to a “buy” rating and set a GBX 205 ($2.68) price objective for the company in a report on Thursday, July 28th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Taylor Wimpey plc in a report on Thursday, July 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 195.39 ($2.55).
Taylor Wimpey plc (LON:TW) opened at 150.50 on Tuesday. The stock’s market capitalization is GBX 4.90 billion. The stock’s 50 day moving average price is GBX 156.50 and its 200-day moving average price is GBX 169.94. Taylor Wimpey plc has a 12-month low of GBX 109.44 and a 12-month high of GBX 211.90.
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In other Taylor Wimpey plc news, insider Ford,Margaret Baroness purchased 13,800 shares of the business’s stock in a transaction that occurred on Friday, June 24th. The shares were acquired at an average price of GBX 145 ($1.89) per share, for a total transaction of £20,010 ($26,119.31). Also, insider Barker ,Kate purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The stock was acquired at an average price of GBX 135 ($1.76) per share, for a total transaction of £27,000 ($35,243.44).
About Taylor Wimpey plc
Taylor Wimpey plc is a national developer operating at a local level from over 24 regional businesses across the United Kingdom. The Company also has operations in Spain. Its segments include Housing United Kingdom and Housing Spain. The Housing United Kingdom segment includes North, Central and South West, and London and South East (including Central London) divisions.
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