Peel Hunt Boosts Taylor Wimpey (TW) Price Target to GBX 220

Taylor Wimpey (LON:TW) had its price target raised by Peel Hunt from GBX 215 ($2.92) to GBX 220 ($2.98) in a research note released on Tuesday. They currently have an add rating on the homebuilder’s stock.

TW has been the topic of several other reports. Liberum Capital reissued a hold rating and set a GBX 190 ($2.58) target price on shares of Taylor Wimpey in a report on Thursday, April 26th. Shore Capital reissued a hold rating on shares of Taylor Wimpey in a report on Wednesday, February 28th. Canaccord Genuity reissued a buy rating and set a GBX 220 ($2.98) target price on shares of Taylor Wimpey in a report on Thursday, April 26th. Morgan Stanley reissued an overweight rating on shares of Taylor Wimpey in a report on Wednesday, March 28th. Finally, Deutsche Bank reissued a buy rating on shares of Taylor Wimpey in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and an average target price of GBX 210.86 ($2.86).

Shares of Taylor Wimpey opened at GBX 203.50 ($2.76) on Tuesday, MarketBeat Ratings reports. Taylor Wimpey has a 1 year low of GBX 173 ($2.35) and a 1 year high of GBX 211.90 ($2.87).

The company also recently declared a dividend, which will be paid on Friday, July 13th. Stockholders of record on Thursday, May 31st will be given a GBX 10.40 ($0.14) dividend. The ex-dividend date is Thursday, May 31st. This represents a dividend yield of 5.63%. This is an increase from Taylor Wimpey’s previous dividend of $2.44.

In other news, insider Kevin S. Beeston sold 550,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of GBX 201 ($2.73), for a total value of £1,105,500 ($1,499,593.05).

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.

Analyst Recommendations for Taylor Wimpey (LON:TW)

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