Taylor Wimpey (LON:TW) Upgraded to Buy at Goldman Sachs Group

Goldman Sachs Group upgraded shares of Taylor Wimpey (LON:TW) to a buy rating in a research note published on Thursday, ThisIsMoney.Co.Uk reports.

TW has been the subject of a number of other research reports. Barclays cut their price objective on shares of Taylor Wimpey from GBX 194 ($2.53) to GBX 189 ($2.47) and set an overweight rating for the company in a research note on Monday, March 4th. Peel Hunt upped their price objective on shares of Taylor Wimpey from GBX 140 ($1.83) to GBX 165 ($2.16) and gave the company a hold rating in a research note on Wednesday, February 27th. HSBC upped their price objective on shares of Taylor Wimpey from GBX 200 ($2.61) to GBX 230 ($3.01) and gave the company a buy rating in a research note on Tuesday, March 26th. Berenberg Bank cut their price objective on shares of Taylor Wimpey from GBX 210 ($2.74) to GBX 200 ($2.61) and set a buy rating for the company in a research note on Wednesday, March 6th. Finally, Canaccord Genuity upped their price objective on shares of Taylor Wimpey from GBX 180 ($2.35) to GBX 187 ($2.44) and gave the company a buy rating in a research note on Thursday, February 28th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 190.55 ($2.49).

Shares of Taylor Wimpey stock opened at GBX 156 ($2.04) on Thursday. Taylor Wimpey has a 52-week low of GBX 127.80 ($1.67) and a 52-week high of GBX 192.70 ($2.52). The firm has a market capitalization of $5.09 billion and a PE ratio of 7.80. The company has a debt-to-equity ratio of 3.64, a current ratio of 4.22 and a quick ratio of 0.73.

In related news, insider Pete Redfern sold 96,134 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of GBX 175 ($2.29), for a total transaction of £168,234.50 ($219,828.17).

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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