Taylor Wimpey (LON:TW) Given Hold Rating at Canaccord Genuity

Canaccord Genuity reissued their hold rating on shares of Taylor Wimpey (LON:TW) in a report released on Wednesday morning, Digital Look reports. Canaccord Genuity currently has a GBX 165 ($2.03) target price on the homebuilder’s stock.

Several other analysts have also commented on TW. JPMorgan Chase & Co. lifted their price objective on shares of Taylor Wimpey from GBX 140 ($1.72) to GBX 150 ($1.85) and gave the stock a neutral rating in a research report on Friday, July 3rd. Peel Hunt reissued a hold rating and issued a GBX 140 ($1.72) price target (down previously from GBX 150 ($1.85)) on shares of Taylor Wimpey in a research report on Wednesday. UBS Group reissued a buy rating and issued a GBX 175 ($2.15) price target (up previously from GBX 170 ($2.09)) on shares of Taylor Wimpey in a research report on Monday, July 27th. Citigroup reaffirmed a buy rating and set a GBX 186 ($2.29) price objective on shares of Taylor Wimpey in a research note on Friday, June 19th. Finally, Deutsche Bank boosted their price objective on shares of Taylor Wimpey from GBX 157 ($1.93) to GBX 159 ($1.96) and gave the company a buy rating in a research note on Monday, July 6th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Taylor Wimpey currently has a consensus rating of Buy and an average target price of GBX 171.14 ($2.11).

TW opened at GBX 118.35 ($1.46) on Wednesday. The company has a debt-to-equity ratio of 3.40, a current ratio of 4.44 and a quick ratio of 0.71. The company’s 50-day moving average is GBX 142.23 and its 200 day moving average is GBX 145.26. Taylor Wimpey has a fifty-two week low of GBX 0.02 ($0.00) and a fifty-two week high of GBX 170.39 ($2.10). The firm has a market capitalization of $4.31 billion and a P/E ratio of 5.75.

In related news, insider Chris Carney acquired 93 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was acquired at an average cost of £161.40 ($198.62) per share, for a total transaction of £15,010.20 ($18,471.82). Also, insider Jennie Daly acquired 98 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of £151.90 ($186.93) per share, with a total value of £14,886.20 ($18,319.22). Insiders have purchased a total of 295 shares of company stock valued at $3,004,616 over the last quarter.

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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