Trading Report: Today, Deutsche Bank AG Reaffirmed Buy Rating for Taylor Wimpey plc (TW)

Today, Deutsche Bank AG Reaffirmed Buy Rating for Taylor Wimpey plc (TW)

Taylor Wimpey plc (LON:TW)‘s stock had its “buy” rating reiterated by Deutsche Bank AG in a note issued to investors on Tuesday. They currently have a GBX 218 ($2.72) target price on the homebuilder’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 48.10% from the company’s previous close.

Several other equities analysts also recently issued reports on TW. Peel Hunt reissued a “hold” rating and set a GBX 215 ($2.69) price target on shares of Taylor Wimpey plc in a report on Wednesday, July 27th. Beaufort Securities reissued a “buy” rating on shares of Taylor Wimpey plc in a report on Thursday, July 28th. Shore Capital reissued a “hold” rating on shares of Taylor Wimpey plc in a report on Wednesday, July 27th. Credit Suisse Group AG lifted their price target on shares of Taylor Wimpey plc from GBX 118 ($1.47) to GBX 157 ($1.96) and gave the company a “neutral” rating in a report on Friday, September 23rd. Finally, JPMorgan Chase & Co. cut their price target on shares of Taylor Wimpey plc from GBX 250 ($3.12) to GBX 190 ($2.37) and set an “overweight” rating for the company in a report on Monday, August 15th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Taylor Wimpey plc presently has an average rating of “Buy” and an average price target of GBX 199.23 ($2.49).

Taylor Wimpey plc (LON:TW) traded down 0.47% during mid-day trading on Tuesday, reaching GBX 147.20. 17,584,175 shares of the company traded hands. The stock’s 50-day moving average price is GBX 146.21 and its 200-day moving average price is GBX 158.45. The firm’s market cap is GBX 4.80 billion. Taylor Wimpey plc has a one year low of GBX 109.44 and a one year high of GBX 211.90.

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