Jefferies Financial Group upgraded shares of Taylor Wimpey (LON:TW) to a buy rating in a research note released on Thursday morning, Stock Target Advisor reports. They currently have GBX 206 ($2.71) target price on the homebuilder’s stock, down from their previous target price of GBX 243 ($3.20).

TW has been the topic of a number of other research reports. UBS Group reaffirmed a buy rating on shares of Taylor Wimpey in a research note on Thursday, February 27th. HSBC boosted their price objective on shares of Taylor Wimpey from GBX 210 ($2.76) to GBX 270 ($3.55) and gave the stock a buy rating in a research report on Thursday, February 20th. Peel Hunt reissued an add rating and issued a GBX 230 ($3.03) price objective (up previously from GBX 215 ($2.83)) on shares of Taylor Wimpey in a research report on Wednesday, February 26th. Berenberg Bank boosted their price objective on shares of Taylor Wimpey from GBX 190 ($2.50) to GBX 230 ($3.03) and gave the stock a buy rating in a research report on Thursday, January 9th. Finally, Bank of America raised shares of Taylor Wimpey to a buy rating and boosted their price objective for the stock from GBX 200 ($2.63) to GBX 230 ($3.03) in a research report on Monday, January 13th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 220.77 ($2.90).

TW traded up GBX 1.35 ($0.02) during trading on Thursday, reaching GBX 116.85 ($1.54). The company had a trading volume of 30,319,083 shares, compared to its average volume of 16,200,000. The company has a debt-to-equity ratio of 3.40, a current ratio of 4.44 and a quick ratio of 0.71. Taylor Wimpey has a 12 month low of GBX 0.02 ($0.00) and a 12 month high of GBX 202.03 ($2.66). The business’s fifty day moving average price is GBX 190.78 and its 200 day moving average price is GBX 180.38. The company has a market cap of $3.84 billion and a P/E ratio of 5.67.

The firm also recently announced a dividend, which will be paid on Friday, July 10th. Stockholders of record on Thursday, June 4th will be given a GBX 10.99 ($0.14) dividend. This represents a dividend yield of 5.02%. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from Taylor Wimpey’s previous dividend of $3.80. Taylor Wimpey’s payout ratio is presently 0.39%.

In other news, insider Robert Noel acquired 36,330 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of GBX 211 ($2.78) per share, with a total value of £76,656.30 ($100,837.02).

Taylor Wimpey Company Profile

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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