Taylor Wimpey (LON:TW) had its price objective raised by equities researchers at Goldman Sachs Group from GBX 179 ($2.34) to GBX 183 ($2.39) in a report issued on Friday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the homebuilder’s stock. Goldman Sachs Group’s target price points to a potential upside of 9.75% from the company’s previous close.
Several other research firms also recently commented on TW. Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.61) price objective on shares of Taylor Wimpey in a research note on Thursday, August 29th. UBS Group reissued a “buy” rating on shares of Taylor Wimpey in a research note on Thursday, September 19th. Peel Hunt reissued a “hold” rating on shares of Taylor Wimpey in a research note on Tuesday, October 15th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 172 ($2.25) price objective on shares of Taylor Wimpey in a research note on Friday, September 27th. Finally, Canaccord Genuity reduced their price objective on Taylor Wimpey from GBX 187 ($2.44) to GBX 182 ($2.38) and set a “buy” rating for the company in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Taylor Wimpey has a consensus rating of “Buy” and a consensus target price of GBX 183.92 ($2.40).
LON TW opened at GBX 166.75 ($2.18) on Friday. The business has a fifty day moving average price of GBX 158.89 and a 200 day moving average price of GBX 164.53. Taylor Wimpey has a one year low of GBX 127.80 ($1.67) and a one year high of GBX 192.70 ($2.52). The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.44 and a current ratio of 3.35. The company has a market cap of $5.45 billion and a P/E ratio of 8.38.
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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