Taylor Wimpey (LON:TW)‘s stock had its “hold” rating reissued by stock analysts at Liberum Capital in a research note issued on Thursday. They currently have a GBX 130 ($1.70) price target on the homebuilder’s stock. Liberum Capital’s price target points to a potential downside of 2.99% from the company’s current price.
A number of other research firms have also issued reports on TW. JPMorgan Chase & Co. restated a “neutral” rating on shares of Taylor Wimpey in a research report on Wednesday, November 14th. Credit Suisse Group reduced their price target on Taylor Wimpey from GBX 182 ($2.38) to GBX 173 ($2.26) and set a “neutral” rating for the company in a research report on Wednesday, November 14th. Peel Hunt reiterated an “add” rating on shares of Taylor Wimpey in a research report on Tuesday, November 13th. Deutsche Bank reduced their price target on Taylor Wimpey from GBX 244 ($3.19) to GBX 237 ($3.10) and set a “buy” rating for the company in a research report on Thursday, August 30th. Finally, Barclays reiterated an “overweight” rating and set a GBX 200 ($2.61) price target (down previously from GBX 206 ($2.69)) on shares of Taylor Wimpey in a research report on Wednesday, September 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 199.60 ($2.61).
LON:TW traded up GBX 1 ($0.01) during midday trading on Thursday, reaching GBX 134 ($1.75). 17,880,772 shares of the company traded hands, compared to its average volume of 16,200,000. Taylor Wimpey has a twelve month low of GBX 173 ($2.26) and a twelve month high of GBX 211.90 ($2.77).
In other news, insider Kevin S. Beeston acquired 112,870 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were bought at an average price of GBX 132 ($1.72) per share, with a total value of £148,988.40 ($194,679.73). Also, insider Pete Redfern acquired 745,846 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was purchased at an average cost of GBX 134 ($1.75) per share, for a total transaction of £999,433.64 ($1,305,937.07).
About Taylor Wimpey
Taylor Wimpey plc operates as a homebuilding company in the United Kingdom and Spain. It builds various homes, such as one- and two-bedroom apartments to six-bedroom detached houses. The company was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.
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