Canaccord Genuity Reiterates “Hold” Rating for Taylor Wimpey plc (TW)

Taylor Wimpey plc (LON:TW)‘s stock had its “hold” rating reaffirmed by research analysts at Canaccord Genuity in a research note issued on Monday. They presently have a GBX 210 ($2.76) price target on the homebuilder’s stock. Canaccord Genuity’s price objective indicates a potential upside of 8.98% from the company’s current price.

Several other research firms have also recently issued reports on TW. Barclays PLC cut Taylor Wimpey plc to an “equal weight” rating and set a GBX 208 ($2.74) price target on the stock. in a report on Monday, October 30th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 243 ($3.20) price target on shares of Taylor Wimpey plc in a report on Friday, September 1st. Shore Capital reaffirmed a “hold” rating on shares of Taylor Wimpey plc in a report on Wednesday, November 8th. Bank of America Corporation reaffirmed an “underperform” rating and issued a GBX 160 ($2.10) price target on shares of Taylor Wimpey plc in a report on Tuesday, September 12th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 181 ($2.38) price target on shares of Taylor Wimpey plc in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 212.77 ($2.80).

Taylor Wimpey plc (LON TW) traded down GBX 0.20 ($0.00) during midday trading on Monday, hitting GBX 192.70 ($2.53). The company’s stock had a trading volume of 14,398,727 shares, compared to its average volume of 13,570,000. Taylor Wimpey plc has a 52 week low of GBX 142.70 ($1.88) and a 52 week high of GBX 208.60 ($2.74).

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In other news, insider Ryan Mangold sold 100,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of GBX 193 ($2.54), for a total transaction of £193,000 ($253,847.17). Over the last 90 days, insiders have bought 226 shares of company stock worth $45,049.

About Taylor Wimpey plc

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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