Taylor Wimpey plc (TW) Price Target Raised to GBX 210 at J P Morgan Chase & Co
Taylor Wimpey plc (LON:TW) had its price objective increased by J P Morgan Chase & Co from GBX 200 ($2.69) to GBX 210 ($2.82) in a research report report published on Friday morning. The firm currently has an overweight rating on the homebuilder’s stock.
Other equities analysts have also issued research reports about the stock. Peel Hunt raised shares of Taylor Wimpey plc to an add rating and set a GBX 210 ($2.82) target price on the stock in a research report on Wednesday. Deutsche Bank AG reaffirmed a buy rating on shares of Taylor Wimpey plc in a research report on Monday, July 17th. Jefferies Group LLC boosted their target price on shares of Taylor Wimpey plc from GBX 237 ($3.19) to GBX 252 ($3.39) and gave the stock a buy rating in a research report on Monday, June 26th. Beaufort Securities reaffirmed a buy rating and set a GBX 220 ($2.96) target price on shares of Taylor Wimpey plc in a research report on Wednesday, August 2nd. Finally, HSBC Holdings plc boosted their target price on shares of Taylor Wimpey plc from GBX 211 ($2.84) to GBX 244 ($3.28) and gave the stock a buy rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 212.38 ($2.86).
Shares of Taylor Wimpey plc (TW) traded up 1.88% on Friday, hitting GBX 195.50. 11,156,557 shares of the stock traded hands. The stock’s market cap is GBX 6.38 billion. Taylor Wimpey plc has a 12-month low of GBX 135.21 and a 12-month high of GBX 204.50. The stock has a 50-day moving average price of GBX 193.79 and a 200 day moving average price of GBX 191.00.
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The firm also recently declared a dividend, which will be paid on Friday, November 3rd. Shareholders of record on Thursday, September 21st will be paid a dividend of GBX 2.30 ($0.03) per share. The ex-dividend date is Thursday, September 21st. This represents a yield of 1.18%.
In other Taylor Wimpey plc news, insider Ryan Mangold sold 100,000 shares of Taylor Wimpey plc stock in a transaction on Friday, September 29th. The shares were sold at an average price of GBX 193 ($2.60), for a total transaction of £193,000 ($259,548.14).
About Taylor Wimpey plc
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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