Taylor Wimpey (LON:TW) Rating Reiterated by Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Taylor Wimpey (LON:TW) in a research note released on Wednesday, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a GBX 140 ($1.72) price objective on the homebuilder’s stock, down from their previous price objective of GBX 150 ($1.85).

TW has been the subject of several other research reports. Canaccord Genuity increased their price objective on shares of Taylor Wimpey from GBX 163 ($2.01) to GBX 165 ($2.03) and gave the company a hold rating in a research note on Friday, June 19th. JPMorgan Chase & Co. increased their price objective on shares of Taylor Wimpey from GBX 140 ($1.72) to GBX 150 ($1.85) and gave the company a neutral rating in a research note on Friday, July 3rd. Credit Suisse Group dropped their price objective on shares of Taylor Wimpey from GBX 183 ($2.25) to GBX 163 ($2.01) and set a neutral rating for the company in a research note on Friday, June 19th. Jefferies Financial Group increased their price objective on shares of Taylor Wimpey from GBX 146 ($1.80) to GBX 154 ($1.90) and gave the company a hold rating in a research note on Friday, June 26th. Finally, Deutsche Bank raised their price target on shares of Taylor Wimpey from GBX 157 ($1.93) to GBX 159 ($1.96) and gave the company a buy rating in a research note on Monday, July 6th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Taylor Wimpey presently has a consensus rating of Buy and an average price target of GBX 171.14 ($2.11).

Shares of LON:TW opened at GBX 118.35 ($1.46) on Wednesday. The company has a market cap of $4.31 billion and a price-to-earnings ratio of 5.75. The company has a debt-to-equity ratio of 3.40, a current ratio of 4.44 and a quick ratio of 0.71. The firm has a 50 day simple moving average of GBX 142.23 and a 200 day simple moving average of GBX 145.26. Taylor Wimpey has a one year low of GBX 0.02 ($0.00) and a one year high of GBX 170.39 ($2.10).

In related news, insider Chris Carney acquired 93 shares of the stock in a transaction on Monday, June 8th. The shares were acquired at an average price of £161.40 ($198.62) per share, with a total value of £15,010.20 ($18,471.82). Also, insider Jennie Daly acquired 98 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average cost of £151.90 ($186.93) per share, for a total transaction of £14,886.20 ($18,319.22). In the last ninety days, insiders acquired 295 shares of company stock worth $3,004,616.

About Taylor Wimpey

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.

Further Reading: Dead Cat Bounce

Analyst Recommendations for Taylor Wimpey (LON:TW)

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