Taylor Wimpey (LON:TW) Raised to Buy at Bank of America

Bank of America upgraded shares of Taylor Wimpey (LON:TW) to a buy rating in a report released on Monday morning, Stock Target Advisor reports. They currently have GBX 230 ($3.03) target price on the homebuilder’s stock, up from their prior target price of GBX 200 ($2.63).

Several other equities analysts have also issued reports on the company. Jefferies Financial Group reaffirmed a hold rating and issued a GBX 172 ($2.26) target price on shares of Taylor Wimpey in a report on Friday, September 27th. Berenberg Bank upped their target price on Taylor Wimpey from GBX 190 ($2.50) to GBX 230 ($3.03) and gave the company a buy rating in a report on Thursday, January 9th. Shore Capital lowered Taylor Wimpey to a hold rating in a report on Wednesday, November 13th. Goldman Sachs Group upped their target price on Taylor Wimpey from GBX 179 ($2.35) to GBX 183 ($2.41) and gave the company a buy rating in a report on Friday, October 25th. Finally, UBS Group reaffirmed a buy rating on shares of Taylor Wimpey in a report on Thursday, November 14th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 203.75 ($2.68).

Shares of TW opened at GBX 209.40 ($2.75) on Monday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.44 and a current ratio of 3.35. The stock has a 50 day moving average price of GBX 189.43 and a two-hundred day moving average price of GBX 167.51. The firm has a market capitalization of $6.87 billion and a P/E ratio of 10.52. Taylor Wimpey has a 52 week low of GBX 2.07 ($0.03) and a 52 week high of GBX 213.13 ($2.80).

In other news, insider Irene Dorner acquired 15,000 shares of Taylor Wimpey stock in a transaction on Monday, December 2nd. The stock was acquired at an average cost of GBX 174 ($2.29) per share, with a total value of £26,100 ($34,333.07). Also, insider Pete Redfern sold 2,150,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of GBX 174 ($2.29), for a total value of £3,741,000 ($4,921,073.40). Over the last ninety days, insiders bought 15,161 shares of company stock valued at $2,639,806.

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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