Taylor Wimpey plc (TW) Given Average Recommendation of “Buy” by Brokerages

Taylor Wimpey plc (LON:TW) has earned a consensus recommendation of “Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 194 ($2.53).

A number of research analysts have issued reports on TW shares. Berenberg Bank reissued a “buy” rating on shares of Taylor Wimpey in a report on Monday, January 28th. Shore Capital raised Taylor Wimpey to a “buy” rating in a report on Thursday, December 13th. Bank of America raised Taylor Wimpey to a “buy” rating and boosted their price target for the company from GBX 160 ($2.09) to GBX 175 ($2.29) in a report on Friday, January 11th. UBS Group reissued a “buy” rating and issued a GBX 190 ($2.48) price target on shares of Taylor Wimpey in a report on Wednesday, January 9th. Finally, Canaccord Genuity boosted their price target on Taylor Wimpey from GBX 180 ($2.35) to GBX 187 ($2.44) and gave the company a “buy” rating in a report on Thursday, February 28th.

LON:TW traded up GBX 5.30 ($0.07) during trading hours on Wednesday, reaching GBX 188 ($2.46). The company had a trading volume of 10,113,952 shares, compared to its average volume of 16,200,000. Taylor Wimpey has a 1-year low of GBX 127.80 ($1.67) and a 1-year high of GBX 206.20 ($2.69). The company has a market capitalization of $6.14 billion and a PE ratio of 9.40. The company has a current ratio of 4.22, a quick ratio of 0.73 and a debt-to-equity ratio of 3.64.

The firm also recently disclosed a dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 6th will be given a GBX 10.70 ($0.14) dividend. The ex-dividend date is Thursday, June 6th. This is a boost from Taylor Wimpey’s previous dividend of $3.80. This represents a dividend yield of 6.25%. Taylor Wimpey’s payout ratio is 0.40%.

In other news, insider Pete Redfern sold 209,374 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of GBX 176 ($2.30), for a total value of £368,498.24 ($481,508.22).

About Taylor Wimpey

Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. The company builds various homes, including one- and two-bedroom apartments to six-bedroom detached houses. Taylor Wimpey plc was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.

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Analyst Recommendations for Taylor Wimpey (LON:TW)

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