Taylor Wimpey (LON:TW) Receives “Overweight” Rating from Morgan Stanley

Taylor Wimpey (LON:TWGet Rating)‘s stock had its “overweight” rating reaffirmed by stock analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday, Digital Look reports.

TW has been the subject of several other reports. Barclays restated an “overweight” rating and set a GBX 195 ($2.40) price target on shares of Taylor Wimpey in a report on Friday, January 28th. JPMorgan Chase & Co. decreased their target price on shares of Taylor Wimpey from GBX 230 ($2.84) to GBX 190 ($2.34) and set an “overweight” rating for the company in a research note on Friday, March 25th. Liberum Capital restated a “buy” rating and set a GBX 185 ($2.28) price target on shares of Taylor Wimpey in a report on Monday, March 14th. Berenberg Bank restated a “buy” rating and issued a GBX 220 ($2.71) price objective on shares of Taylor Wimpey in a report on Wednesday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Taylor Wimpey from GBX 191 ($2.35) to GBX 189 ($2.33) and set a “buy” rating for the company in a research note on Friday, May 6th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 194.88 ($2.40).

Shares of LON TW opened at GBX 121.80 ($1.50) on Wednesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 5.83 and a quick ratio of 1.05. Taylor Wimpey has a one year low of GBX 120.20 ($1.48) and a one year high of GBX 185.02 ($2.28). The business’s 50-day simple moving average is GBX 133.16. The firm has a market cap of £4.37 billion and a price-to-earnings ratio of 8.01.

In other news, insider Chris Carney sold 11,460 shares of the company’s stock in a transaction dated Wednesday, March 23rd. The stock was sold at an average price of GBX 143 ($1.76), for a total value of £16,387.80 ($20,204.41). Also, insider Jennie Daly sold 53,388 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was sold at an average price of GBX 146 ($1.80), for a total value of £77,946.48 ($96,099.72). Insiders have sold a total of 107,887 shares of company stock valued at $15,157,615 over the last ninety days.

About Taylor Wimpey (Get Rating)

Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. It builds and delivers various homes and communities, including apartments to six-bedroom houses. Taylor Wimpey plc was founded in 1880 and is based in High Wycombe, the United Kingdom.

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