Taylor Wimpey (LON:TW) had its target price reduced by investment analysts at JPMorgan Chase & Co. from GBX 220 ($2.87) to GBX 200 ($2.61) in a report released on Monday. The brokerage currently has a “neutral” rating on the homebuilder’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 28.74% from the company’s current price.
Several other brokerages have also recently commented on TW. Liberum Capital reaffirmed a “hold” rating on shares of Taylor Wimpey in a research report on Tuesday, October 30th. Peel Hunt reissued an “add” rating on shares of Taylor Wimpey in a report on Tuesday, November 13th. Credit Suisse Group cut their target price on shares of Taylor Wimpey from GBX 182 ($2.38) to GBX 173 ($2.26) and set a “neutral” rating on the stock in a report on Wednesday, November 14th. Shore Capital raised shares of Taylor Wimpey to a “buy” rating in a report on Thursday, December 13th. Finally, UBS Group reissued a “buy” rating and issued a GBX 190 ($2.48) target price on shares of Taylor Wimpey in a report on Wednesday, January 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of GBX 185.45 ($2.42).
Shares of LON TW opened at GBX 155.35 ($2.03) on Monday. Taylor Wimpey has a 12-month low of GBX 173 ($2.26) and a 12-month high of GBX 211.90 ($2.77).
In other news, insider Pete Redfern bought 745,846 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of GBX 134 ($1.75) per share, for a total transaction of £999,433.64 ($1,305,937.07). Also, insider Kevin S. Beeston bought 112,870 shares of the company’s stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average price of GBX 132 ($1.72) per share, for a total transaction of £148,988.40 ($194,679.73). In the last ninety days, insiders purchased 858,823 shares of company stock valued at $114,857,184.
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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