Taylor Wimpey plc (TW) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Taylor Wimpey plc (LON:TW) have received an average recommendation of “Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 212.38 ($2.82).
A number of brokerages recently issued reports on TW. Liberum Capital reiterated a “hold” rating and set a GBX 181 ($2.40) target price on shares of Taylor Wimpey plc in a research report on Monday. Peel Hunt upgraded shares of Taylor Wimpey plc to an “add” rating and set a GBX 210 ($2.79) price target on the stock in a research report on Wednesday, September 27th. Deutsche Bank AG restated a “buy” rating on shares of Taylor Wimpey plc in a research report on Monday, August 14th. Jefferies Group LLC upped their price objective on shares of Taylor Wimpey plc from GBX 237 ($3.14) to GBX 252 ($3.34) and gave the stock a “buy” rating in a research note on Monday, June 26th. Finally, J P Morgan Chase & Co upped their price objective on shares of Taylor Wimpey plc from GBX 200 ($2.65) to GBX 210 ($2.79) and gave the stock an “overweight” rating in a research note on Friday, September 29th.
Shares of Taylor Wimpey plc (LON TW) traded down 0.70% during mid-day trading on Wednesday, hitting GBX 198.60. The company had a trading volume of 10,904,665 shares. The firm’s 50 day moving average is GBX 193.65 and its 200-day moving average is GBX 191.11. The firm’s market cap is GBX 6.48 billion. Taylor Wimpey plc has a 12-month low of GBX 135.21 and a 12-month high of GBX 204.50.
The firm also recently announced a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 21st will be paid a GBX 2.30 ($0.03) dividend. The ex-dividend date is Thursday, September 21st. This represents a yield of 1.18%.
In related news, insider Ryan Mangold sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of GBX 193 ($2.56), for a total value of £193,000 ($256,002.12).
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Taylor Wimpey plc Company Profile
Taylor Wimpey plc is a residential developer. The Company operates at a local level from 24 regional businesses across the United Kingdom, and it 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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