Taylor Wimpey plc (TW) Receives Average Recommendation of “Buy” from Brokerages

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Shares of Taylor Wimpey plc (LON:TW) have been assigned an average recommendation of “Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 198.71 ($2.60).

Several equities analysts recently commented on TW shares. Peel Hunt reiterated an “add” rating on shares of Taylor Wimpey in a report on Tuesday, November 13th. Liberum Capital reiterated a “hold” rating on shares of Taylor Wimpey in a report on Tuesday, October 30th. Barclays reiterated an “overweight” rating and set a GBX 200 ($2.61) price target (down from GBX 206 ($2.69)) on shares of Taylor Wimpey in a report on Wednesday, September 12th. Deutsche Bank cut their price target on shares of Taylor Wimpey from GBX 244 ($3.19) to GBX 237 ($3.10) and set a “buy” rating on the stock in a report on Thursday, August 30th. Finally, Credit Suisse Group cut their price target on shares of Taylor Wimpey from GBX 182 ($2.38) to GBX 173 ($2.26) and set a “neutral” rating on the stock in a report on Wednesday, November 14th.

Shares of Taylor Wimpey stock traded up GBX 1 ($0.01) during trading hours on Monday, reaching GBX 134 ($1.75). The company’s stock had a trading volume of 17,880,772 shares, compared to its average volume of 16,200,000. Taylor Wimpey has a one year low of GBX 173 ($2.26) and a one year high of GBX 211.90 ($2.77).

In related news, insider Kevin S. Beeston bought 112,870 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were acquired at an average cost of GBX 132 ($1.72) per share, for a total transaction of £148,988.40 ($194,679.73). Also, insider Pete Redfern bought 745,846 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was bought at an average price 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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Analyst Recommendations for Taylor Wimpey (LON:TW)

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