Taylor Wimpey plc (TW) Stock Rating Reaffirmed by Beaufort Securities

Taylor Wimpey plc (LON:TW)‘s stock had its “buy” rating restated by investment analysts at Beaufort Securities in a research report issued on Wednesday. They currently have a GBX 220 ($2.90) target price on the homebuilder’s stock. Beaufort Securities’ price objective indicates a potential upside of 12.70% from the stock’s current price.

Several other analysts also recently weighed in on TW. Liberum Capital boosted their price target on shares of Taylor Wimpey plc from GBX 150 ($1.98) to GBX 180 ($2.37) and gave the stock a “hold” rating in a research note on Tuesday, April 4th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 200 ($2.64) price target on shares of Taylor Wimpey plc in a research note on Thursday, April 6th. Jefferies Group LLC boosted their price target on shares of Taylor Wimpey plc from GBX 205 ($2.70) to GBX 237 ($3.13) and gave the stock a “buy” rating in a research note on Tuesday, April 18th. Deutsche Bank AG reissued a “buy” rating on shares of Taylor Wimpey plc in a research note on Monday, April 24th. Finally, Peel Hunt boosted their price target on shares of Taylor Wimpey plc from GBX 210 ($2.77) to GBX 240 ($3.17) and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of GBX 208.85 ($2.75).

Shares of Taylor Wimpey plc (LON TW) opened at 190.10 on Wednesday. Taylor Wimpey plc has a one year low of GBX 135.21 and a one year high of GBX 204.50. The stock’s 50 day moving average price is GBX 181.52 and its 200 day moving average price is GBX 186.01. The firm’s market cap is GBX 6.20 billion.

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In related news, insider Ryan Mangold sold 230,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of GBX 199 ($2.62), for a total value of £457,700 ($603,746.21). Over the last three months, insiders purchased 244 shares of company stock valued at $45,150.

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.