Taylor Wimpey (TW) Downgraded to Hold at Numis Securities

Numis Securities cut shares of Taylor Wimpey (LON:TW) to a hold rating in a report released on Wednesday morning. They currently have GBX 221 ($3.00) target price on the homebuilder’s stock.

TW has been the topic of a number of other research reports. Peel Hunt reaffirmed an add rating and issued a GBX 210 ($2.85) price objective on shares of Taylor Wimpey in a research report on Friday, January 5th. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 210 ($2.85) target price on shares of Taylor Wimpey in a research report on Wednesday, November 15th. Deutsche Bank reissued a buy rating and set a GBX 246 ($3.34) target price on shares of Taylor Wimpey in a research report on Monday, December 18th. Shore Capital reissued a hold rating on shares of Taylor Wimpey in a research report on Tuesday, November 14th. Finally, Barclays downgraded shares of Taylor Wimpey to an equal weight rating and set a GBX 208 ($2.82) target price on the stock. in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of GBX 216 ($2.93).

Shares of Taylor Wimpey (TW) traded down GBX 3.70 ($0.05) during trading on Wednesday, hitting GBX 196.50 ($2.66). 15,438,203 shares of the stock were exchanged, compared to its average volume of 11,210,000. Taylor Wimpey has a 52-week low of GBX 164.60 ($2.23) and a 52-week high of GBX 211.90 ($2.87). The stock has a market cap of $6,430.00 and a P/E ratio of 1,228.13.

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Taylor Wimpey 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 (LON:TW)

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