Taylor Wimpey (TW) PT Lowered to GBX 194

Taylor Wimpey (LON:TW) had its target price cut by Barclays from GBX 200 ($2.61) to GBX 194 ($2.53) in a research note published on Monday morning. They currently have an overweight rating on the homebuilder’s stock.

A number of other equities analysts have also recently issued reports on TW. Liberum Capital boosted their price objective on shares of Taylor Wimpey from GBX 130 ($1.70) to GBX 150 ($1.96) and gave the company a hold rating in a research report on Monday. Berenberg Bank restated a buy rating on shares of Taylor Wimpey in a research report on Monday, January 28th. UBS Group reiterated a buy rating and set a GBX 190 ($2.48) price target on shares of Taylor Wimpey in a research report on Wednesday, January 9th. Peel Hunt cut shares of Taylor Wimpey to a hold rating and reduced their price target for the company from GBX 220 ($2.87) to GBX 140 ($1.83) in a research report on Monday, December 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Taylor Wimpey from GBX 220 ($2.87) to GBX 200 ($2.61) and set a neutral rating on the stock in a research report on Monday, January 14th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 186.73 ($2.44).

TW stock opened at GBX 166.40 ($2.17) on Monday. Taylor Wimpey has a 12-month low of GBX 173 ($2.26) and a 12-month high of GBX 211.90 ($2.77).

In other Taylor Wimpey news, insider Kevin S. Beeston acquired 112,870 shares of the business’s stock in a transaction on Tuesday, December 4th. The shares were acquired at an average price of GBX 132 ($1.72) per share, for a total transaction of £148,988.40 ($194,679.73). Also, insider Pete Redfern acquired 745,846 shares of the business’s stock in a transaction on Thursday, December 6th. The stock was acquired at an average price of GBX 134 ($1.75) per share, for a total transaction of £999,433.64 ($1,305,937.07). Insiders have purchased 858,823 shares of company stock worth $114,857,184 in the last quarter.

About Taylor Wimpey

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.

Further Reading: How is net asset value different from market price?

Analyst Recommendations for Taylor Wimpey (LON:TW)

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