Taylor Wimpey plc (TW) Given “Buy” Rating at Deutsche Bank AG

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Taylor Wimpey plc (LON:TW)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a research report issued on Saturday, StockTargetPrices.com reports. They presently have a GBX 218 ($2.90) price target on the homebuilder’s stock. Deutsche Bank AG’s price objective points to a potential upside of 47.50% from the company’s current price.
A number of other analysts have also issued reports on TW. HSBC restated a “buy” rating and issued a GBX 220 ($2.93) target price on shares of Taylor Wimpey plc in a report on Monday, June 27th. Jefferies Group restated a “buy” rating and issued a GBX 203 ($2.70) target price on shares of Taylor Wimpey plc in a report on Monday, June 27th. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 276.80 ($3.69) price objective on shares of Taylor Wimpey plc in a report on Tuesday, June 28th. Credit Suisse Group AG reiterated a “neutral” rating and set a GBX 118 ($1.57) price objective (down from GBX 158 ($2.10)) on shares of Taylor Wimpey plc in a report on Thursday, June 30th. Finally, Barclays PLC cut their price objective on Taylor Wimpey plc from GBX 217.90 ($2.90) to GBX 145.90 ($1.94) and set an “equal weight” rating for the company in a report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 193.14 ($2.57).
Taylor Wimpey plc (LON:TW) opened at 147.80 on Friday. The firm’s market cap is GBX 4.82 billion. Taylor Wimpey plc has a 1-year low of GBX 109.44 and a 1-year high of GBX 211.90. The company has a 50 day moving average price of GBX 156.56 and a 200 day moving average price of GBX 170.40.

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In other Taylor Wimpey plc news, insider Barker ,Kate purchased 20,000 shares of the business’s stock in a transaction on Monday, June 27th. The stock was purchased at an average price of GBX 135 ($1.80) per share, for a total transaction of £27,000 ($35,961.64). Also, insider Ford,Margaret Baroness purchased 13,800 shares of the business’s stock in a transaction on Friday, June 24th. The shares were acquired at an average price of GBX 145 ($1.93) per share, with a total value of £20,010 ($26,651.57).
About Taylor Wimpey plc
Taylor Wimpey plc is a national developer operating at a local level from over 24 regional businesses across the United Kingdom. The Company also has operations in Spain. Its segments include Housing United Kingdom and Housing Spain. The Housing United Kingdom segment includes North, Central and South West, and London and South East (including Central London) divisions.

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