Taylor Wimpey (TW) Price Target Raised to GBX 230 at HSBC

Taylor Wimpey (LON:TW) had its target price hoisted by research analysts at HSBC from GBX 200 ($2.61) to GBX 230 ($3.01) in a research report issued to clients and investors on Tuesday, March 26th, ThisIsMoney.Co.Uk reports. The firm presently has a “buy” rating on the homebuilder’s stock. HSBC’s price target indicates a potential upside of 22.34% from the stock’s previous close.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating on shares of Taylor Wimpey in a research note on Friday, March 22nd. Berenberg Bank lowered their price objective on Taylor Wimpey from GBX 210 ($2.74) to GBX 200 ($2.61) and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Barclays lowered their price objective on Taylor Wimpey from GBX 194 ($2.53) to GBX 189 ($2.47) and set an “overweight” rating on the stock in a research report on Monday, March 4th. Canaccord Genuity upped their price objective on Taylor Wimpey from GBX 180 ($2.35) to GBX 187 ($2.44) and gave the company a “buy” rating in a research report on Thursday, February 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Taylor Wimpey in a research report on Wednesday, February 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of GBX 188.42 ($2.46).

Shares of Taylor Wimpey stock traded up GBX 5.30 ($0.07) during midday trading on Tuesday, hitting GBX 188 ($2.46). The company had a trading volume of 10,113,952 shares, compared to its average volume of 16,200,000. The company has a quick ratio of 0.73, a current ratio of 4.22 and a debt-to-equity ratio of 3.64. The company has a market capitalization of $6.14 billion and a P/E ratio of 9.40. Taylor Wimpey has a 52-week low of GBX 127.80 ($1.67) and a 52-week high of GBX 206.20 ($2.69).

In other news, insider Pete Redfern sold 96,134 shares of Taylor Wimpey stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of GBX 175 ($2.29), for a total transaction of £168,234.50 ($219,828.17).

Taylor Wimpey Company Profile

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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