Taylor Wimpey (LON:TW) had its price objective raised by analysts at Deutsche Bank from GBX 243 ($3.25) to GBX 246 ($3.29) in a research note issued to investors on Thursday. The brokerage presently has a “buy” rating on the homebuilder’s stock. Deutsche Bank’s price target indicates a potential upside of 26.83% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. Shore Capital restated a “hold” rating on shares of Taylor Wimpey in a research note on Wednesday, November 8th. Liberum Capital reiterated a “hold” rating and issued a GBX 181 ($2.42) price objective on shares of Taylor Wimpey in a report on Monday, October 2nd. Beaufort Securities reiterated a “buy” rating and issued a GBX 220 ($2.95) price objective on shares of Taylor Wimpey in a report on Wednesday, August 2nd. Bank of America reiterated an “underperform” rating and issued a GBX 160 ($2.14) price objective on shares of Taylor Wimpey in a report on Tuesday, September 12th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a GBX 210 ($2.81) price objective on shares of Taylor Wimpey in a report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 212.79 ($2.85).

Shares of Taylor Wimpey (LON TW) traded down GBX 1.54 ($0.02) during midday trading on Thursday, reaching GBX 193.96 ($2.60). The company’s stock had a trading volume of 10,540,000 shares, compared to its average volume of 15,440,000. Taylor Wimpey has a fifty-two week low of GBX 146.30 ($1.96) 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 dated Friday, September 29th. The stock was sold at an average price of GBX 193 ($2.58), for a total transaction of £193,000 ($258,470.60). Insiders have purchased a total of 226 shares of company stock valued at $45,049 over the last 90 days.

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Taylor Wimpey 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.

Analyst Recommendations for Taylor Wimpey (LON:TW)

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