Peel Hunt restated their add rating on shares of Taylor Wimpey (LON:TW) in a research report report published on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a GBX 230 ($3.03) price objective on the homebuilder’s stock, up from their previous price objective of GBX 215 ($2.83).

A number of other analysts have also weighed in on the stock. UBS Group reaffirmed a buy rating on shares of Taylor Wimpey in a report on Friday, February 21st. Deutsche Bank increased their price target on shares of Taylor Wimpey from GBX 187 ($2.46) to GBX 230 ($3.03) and gave the stock a buy rating in a report on Tuesday, January 14th. Bank of America raised shares of Taylor Wimpey to a buy rating and increased their price target for the stock from GBX 200 ($2.63) to GBX 230 ($3.03) in a report on Monday, January 13th. Jefferies Financial Group reissued a hold rating on shares of Taylor Wimpey in a report on Wednesday, February 5th. Finally, Liberum Capital reissued a hold rating on shares of Taylor Wimpey in a report on Tuesday, January 14th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 216.07 ($2.84).

Taylor Wimpey stock traded down GBX 13.70 ($0.18) during midday trading on Wednesday, reaching GBX 205.30 ($2.70). 22,484,784 shares of the stock were exchanged, compared to its average volume of 16,200,000. The company’s fifty day moving average is GBX 218.02 and its 200-day moving average is GBX 179.83. 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 firm has a market cap of $6.78 billion and a PE ratio of 10.32. Taylor Wimpey has a 52 week low of GBX 1.42 ($0.02) and a 52 week high of GBX 237.70 ($3.13).

The business also recently declared a dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 4th will be issued a GBX 10.99 ($0.14) dividend. This is a positive change from Taylor Wimpey’s previous dividend of $3.80. The ex-dividend date of this dividend is Thursday, June 4th. This represents a dividend yield of 5.02%. Taylor Wimpey’s dividend payout ratio is presently 0.40%.

In other Taylor Wimpey news, insider Irene Dorner acquired 15,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was bought at an average price of GBX 174 ($2.29) per share, with a total value of £26,100 ($34,333.07). Also, insider Robert Noel acquired 36,330 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of GBX 211 ($2.78) per share, with a total value of £76,656.30 ($100,837.02). Insiders bought a total of 51,491 shares of company stock worth $10,305,436 in the last three months.

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.

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Analyst Recommendations for Taylor Wimpey (LON:TW)

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