Taylor Wimpey (TW) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Taylor Wimpey (LON:TW) in a report published on Wednesday morning. They currently have a GBX 210 ($2.76) target price on the homebuilder’s stock.

A number of other equities analysts also recently commented on the company. Deutsche Bank reduced their price objective on Taylor Wimpey from GBX 246 ($3.23) to GBX 244 ($3.21) and set a buy rating on the stock in a research report on Wednesday. Peel Hunt reiterated an add rating on shares of Taylor Wimpey in a research report on Tuesday, July 31st. Shore Capital reiterated a hold rating on shares of Taylor Wimpey in a research report on Tuesday, July 31st. JPMorgan Chase & Co. downgraded Taylor Wimpey to a neutral rating and set a GBX 220 ($2.89) price objective on the stock. in a research report on Friday, June 1st. Finally, Liberum Capital reiterated a hold rating and set a GBX 190 ($2.50) price objective on shares of Taylor Wimpey in a research report on Friday, May 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 206.77 ($2.72).

Shares of LON:TW opened at GBX 170.80 ($2.24) on Wednesday. Taylor Wimpey has a 1 year low of GBX 173 ($2.27) and a 1 year high of GBX 211.90 ($2.78).

The firm also recently announced a dividend, which will be paid on Friday, November 9th. Shareholders of record on Thursday, October 4th will be given a GBX 2.44 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a yield of 1.42%.

In other Taylor Wimpey news, insider Kevin S. Beeston sold 550,000 shares of Taylor Wimpey stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of GBX 201 ($2.64), for a total value of £1,105,500 ($1,452,502.96). Also, insider Angela Ann Knight bought 5,000 shares of Taylor Wimpey stock in a transaction on Wednesday, May 30th. The stock was acquired at an average price of GBX 201 ($2.64) per share, for a total transaction of £10,050 ($13,204.57).

Taylor Wimpey Company Profile

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.

See Also: Short Selling Stocks, A Beginner’s Guide

Analyst Recommendations for Taylor Wimpey (LON:TW)

Receive News & Ratings for Taylor Wimpey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taylor Wimpey and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit