Deutsche Bank Raises Taylor Wimpey (TW) Price Target to GBX 246

Taylor Wimpey (LON:TW) had its price target boosted by equities research analysts at Deutsche Bank from GBX 243 ($3.25) to GBX 246 ($3.29) in a research note issued on Thursday. The firm presently has a “buy” rating on the homebuilder’s stock. Deutsche Bank’s price target would suggest a potential upside of 25.83% from the company’s current price.

TW has been the topic of several other reports. Liberum Capital reiterated a “hold” rating and issued a GBX 181 ($2.42) target price on shares of Taylor Wimpey in a research note on Monday, October 2nd. Peel Hunt reiterated an “add” rating and issued a GBX 210 ($2.81) target price on shares of Taylor Wimpey in a research note on Monday, November 13th. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 210 ($2.81) target price on shares of Taylor Wimpey in a research note on Monday, November 13th. J P Morgan Chase & Co increased their target price on shares of Taylor Wimpey from GBX 200 ($2.68) to GBX 210 ($2.81) and gave the stock an “overweight” rating in a research note on Friday, September 29th. Finally, Barclays cut shares of Taylor Wimpey to an “equal weight” rating and set a GBX 208 ($2.79) target price on the stock. in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 212.79 ($2.85).

Taylor Wimpey (TW) traded down GBX 0.70 ($0.01) during midday trading on Thursday, reaching GBX 195.50 ($2.62). 26,365,907 shares of the company’s stock traded hands, compared to its average volume of 15,400,000. Taylor Wimpey has a fifty-two week low of GBX 144.50 ($1.94) and a fifty-two week high of GBX 208.60 ($2.79).

In related news, insider Ryan Mangold sold 100,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of GBX 193 ($2.58), for a total transaction of £193,000 ($258,470.60). In the last ninety days, insiders have purchased 226 shares of company stock worth $45,049.

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About Taylor Wimpey

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.

Analyst Recommendations for Taylor Wimpey (LON:TW)

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