Shares of Taylor Wimpey plc (LON:TW) have received a consensus rating of “Buy” from the fourteen ratings firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 225.45 ($2.97).
Several equities analysts have weighed in on the company. UBS Group restated a “buy” rating on shares of Taylor Wimpey in a report on Thursday, February 27th. Canaccord Genuity boosted their target price on Taylor Wimpey from GBX 181 ($2.38) to GBX 211 ($2.78) and gave the stock a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. upgraded Taylor Wimpey to an “overweight” rating and set a GBX 250 ($3.29) target price on the stock in a research note on Tuesday, February 4th. Peel Hunt reiterated an “add” rating and set a GBX 230 ($3.03) price target (up previously from GBX 215 ($2.83)) on shares of Taylor Wimpey in a research note on Wednesday, February 26th. Finally, Deutsche Bank boosted their price target on Taylor Wimpey from GBX 187 ($2.46) to GBX 230 ($3.03) and gave the company a “buy” rating in a research note on Tuesday, January 14th.
In other news, insider Robert Noel bought 36,330 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of GBX 211 ($2.78) per share, with a total value of £76,656.30 ($100,837.02).
The company also recently announced a dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 4th will be issued a GBX 10.99 ($0.14) dividend. This is an increase from Taylor Wimpey’s previous dividend of $3.80. The ex-dividend date is Thursday, June 4th. This represents a yield of 5.02%. Taylor Wimpey’s dividend payout ratio is currently 0.39%.
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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