Barclays Reaffirms Overweight Rating for Taylor Wimpey (TW)

Barclays reissued their overweight rating on shares of Taylor Wimpey (LON:TW) in a research note published on Wednesday. Barclays currently has a GBX 200 ($2.61) target price on the homebuilder’s stock, down from their prior target price of GBX 206 ($2.68).

Several other equities analysts have also commented on TW. Liberum Capital reaffirmed a hold rating on shares of Taylor Wimpey in a research report on Tuesday, May 15th. Peel Hunt increased their price objective on shares of Taylor Wimpey from GBX 215 ($2.80) to GBX 220 ($2.87) and gave the company an add rating in a research report on Tuesday, May 15th. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Taylor Wimpey in a research report on Wednesday, May 16th. Deutsche Bank reaffirmed a buy rating on shares of Taylor Wimpey in a research report on Thursday, May 17th. Finally, Berenberg Bank started coverage on shares of Taylor Wimpey in a research report on Wednesday, July 25th. They issued a buy rating and a GBX 210 ($2.74) price objective for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 206.82 ($2.69).

Shares of Taylor Wimpey stock opened at GBX 170.10 ($2.22) on Wednesday. Taylor Wimpey has a 52 week low of GBX 173 ($2.25) and a 52 week high of GBX 211.90 ($2.76).

The firm also recently declared a dividend, which will be paid on Friday, November 9th. Shareholders of record on Thursday, October 4th will be given a dividend of GBX 2.44 ($0.03) per share. This represents a yield of 1.42%. The ex-dividend date is Thursday, October 4th.

About Taylor Wimpey

Taylor Wimpey plc operates as a homebuilding company in the United Kingdom and Spain. It builds various homes, such as one- and two-bedroom apartments to six-bedroom detached houses. The company was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.

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Analyst Recommendations for Taylor Wimpey (LON:TW)

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