Numis Securities Downgrades Taylor Wimpey (TW) to Hold
Numis Securities cut shares of Taylor Wimpey (LON:TW) to a hold rating in a research report report published on Wednesday. The firm currently has GBX 221 ($3.00) target price on the homebuilder’s stock.
Several other research firms have also recently issued reports on TW. JPMorgan Chase & Co. restated an overweight rating and set a GBX 210 ($2.85) price objective on shares of Taylor Wimpey in a report on Wednesday, November 15th. Deutsche Bank restated a buy rating and set a GBX 246 ($3.34) price objective on shares of Taylor Wimpey in a report on Monday, December 18th. Shore Capital restated a hold rating on shares of Taylor Wimpey in a report on Wednesday. Bank of America restated an underperform rating and set a GBX 160 ($2.17) price objective on shares of Taylor Wimpey in a report on Tuesday, September 12th. Finally, Liberum Capital restated a hold rating and set a GBX 181 ($2.45) price objective on shares of Taylor Wimpey in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 216 ($2.93).
Shares of Taylor Wimpey (TW) opened at GBX 197.85 ($2.68) on Wednesday. The company has a market capitalization of $6,480.00 and a price-to-earnings ratio of 1,236.56. Taylor Wimpey has a fifty-two week low of GBX 164.60 ($2.23) and a fifty-two week high of GBX 211.90 ($2.87).
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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