Bank of America Corporation Reiterates “Underperform” Rating for Taylor Wimpey plc (TW)

Taylor Wimpey plc (LON:TW)‘s stock had its “underperform” rating reaffirmed by research analysts at Bank of America Corporation in a research report issued on Tuesday. They presently have a GBX 160 ($2.07) price objective on the homebuilder’s stock. Bank of America Corporation’s target price indicates a potential downside of 17.36% from the company’s current price.

TW has been the topic of a number of other reports. Deutsche Bank AG reissued a “buy” rating on shares of Taylor Wimpey plc in a research report on Monday, July 17th. Shore Capital reissued a “hold” rating on shares of Taylor Wimpey plc in a research report on Thursday, August 31st. Liberum Capital reissued a “hold” rating and set a GBX 180 ($2.32) target price on shares of Taylor Wimpey plc in a research report on Friday, June 9th. Peel Hunt reissued a “hold” rating and set a GBX 210 ($2.71) target price on shares of Taylor Wimpey plc in a research report on Tuesday, August 1st. Finally, Canaccord Genuity reissued a “hold” rating and set a GBX 205 ($2.65) target price on shares of Taylor Wimpey plc in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. Taylor Wimpey plc presently has a consensus rating of “Buy” and a consensus target price of GBX 207.71 ($2.68).

Taylor Wimpey plc (TW) opened at 193.60 on Tuesday. Taylor Wimpey plc has a 52-week low of GBX 135.21 and a 52-week high of GBX 204.50. The company has a 50 day moving average of GBX 193.58 and a 200-day moving average of GBX 190.86. The stock’s market capitalization is GBX 6.32 billion.

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Taylor Wimpey plc Company Profile

Taylor Wimpey plc is a residential developer. The Company operates at a local level from 24 regional businesses across the United Kingdom, and it 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.

Analyst Recommendations for Taylor Wimpey plc (LON:TW)

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