Canaccord Genuity Group Inc. Reiterates “Hold” Rating for Taylor Wimpey plc (TW)

Taylor Wimpey plc (LON:TW)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity Group Inc. in a research note issued to investors on Monday. They presently have a GBX 210 ($2.76) target price on the homebuilder’s stock. Canaccord Genuity Group Inc.’s target price would suggest a potential upside of 9.38% from the company’s previous close.

A number of other analysts have also commented on TW. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 210 ($2.76) price target on shares of Taylor Wimpey plc in a research note on Wednesday. Shore Capital reissued a “hold” rating on shares of Taylor Wimpey plc in a research report on Tuesday. Canaccord Genuity reissued a “hold” rating and set a GBX 210 ($2.76) price objective on shares of Taylor Wimpey plc in a research report on Monday. Peel Hunt reissued an “add” rating and set a GBX 210 ($2.76) price objective on shares of Taylor Wimpey plc in a research report on Monday. Finally, Liberum Capital reissued a “hold” rating and set a GBX 181 ($2.38) price objective on shares of Taylor Wimpey plc in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 212.57 ($2.80).

Taylor Wimpey plc (TW) traded down GBX 3.40 ($0.04) during trading hours on Monday, hitting GBX 192 ($2.53). The stock had a trading volume of 16,170,112 shares, compared to its average volume of 13,570,000. Taylor Wimpey plc has a 52-week low of GBX 142.70 ($1.88) and a 52-week high of GBX 208.60 ($2.74).

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In related news, insider Ryan Mangold sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of GBX 193 ($2.54), for a total value of £193,000 ($253,847.17). Over the last ninety days, insiders have bought 226 shares of company stock worth $45,049.

About Taylor Wimpey plc

Taylor Wimpey plc is a residential developer. The Company operates at a local level from 24 regional businesses across the United Kingdom, and it has operations in Spain. Its segments include Housing United Kingdom and Housing Spain. The Housing United Kingdom segment includes North, Central and South West, and London and South East (including Central London) divisions.

Analyst Recommendations for Taylor Wimpey plc (LON:TW)

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