Bank of America Upgrades Taylor Wimpey (TW) to “Buy”
Bank of America upgraded shares of Taylor Wimpey (LON:TW) to a buy rating in a report issued on Friday. They currently have GBX 175 ($2.29) price target on the homebuilder’s stock, up from their previous price target of GBX 160 ($2.09).
Other equities analysts have also recently issued research reports about the stock. Peel Hunt reiterated an add rating on shares of Taylor Wimpey in a research report on Tuesday, November 13th. Shore Capital upgraded shares of Taylor Wimpey to a buy rating in a research report on Thursday, December 13th. UBS Group reiterated a buy rating and set a GBX 190 ($2.48) price target on shares of Taylor Wimpey in a research report on Wednesday. Liberum Capital reiterated a hold rating on shares of Taylor Wimpey in a research report on Tuesday, November 13th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Taylor Wimpey in a research report on Wednesday, November 14th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 187.27 ($2.45).
Shares of LON TW traded up GBX 7.15 ($0.09) during midday trading on Friday, hitting GBX 156.05 ($2.04). 26,195,373 shares of the company traded hands, compared to its average volume of 16,200,000. Taylor Wimpey has a 12-month low of GBX 173 ($2.26) and a 12-month high of GBX 211.90 ($2.77).
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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