Taylor Wimpey (TW) Price Target Cut to GBX 173 by Analysts at Credit Suisse Group
Taylor Wimpey (LON:TW) had its price objective decreased by Credit Suisse Group from GBX 182 ($2.38) to GBX 173 ($2.26) in a research note published on Wednesday. Credit Suisse Group currently has a neutral rating on the homebuilder’s stock.
Several other brokerages have also commented on TW. Berenberg Bank restated a buy rating and issued a GBX 210 ($2.74) price objective on shares of Taylor Wimpey in a report on Wednesday, August 1st. Shore Capital reiterated a hold rating on shares of Taylor Wimpey in a report on Tuesday, July 31st. Liberum Capital reiterated a hold rating on shares of Taylor Wimpey in a report on Tuesday. Deutsche Bank lowered their target price on shares of Taylor Wimpey from GBX 246 ($3.21) to GBX 244 ($3.19) and set a buy rating for the company in a report on Wednesday, August 1st. Finally, Peel Hunt reiterated an add rating on shares of Taylor Wimpey in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of GBX 205.60 ($2.69).
TW traded down GBX 14.15 ($0.18) on Wednesday, hitting GBX 149.95 ($1.96). The company had a trading volume of 31,199,731 shares, compared to its average volume of 16,200,000. Taylor Wimpey has a 52-week low of GBX 173 ($2.26) and a 52-week high of GBX 211.90 ($2.77).
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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