Taylor Wimpey (TW) Reaches New 52-Week Low at $157.85

Taylor Wimpey plc (LON:TW)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 157.85 ($2.06) and last traded at GBX 157.85 ($2.06), with a volume of 12126115 shares. The stock had previously closed at GBX 165.05 ($2.16).

Several brokerages have recently weighed in on TW. Peel Hunt reaffirmed an “add” rating on shares of Taylor Wimpey in a research note on Tuesday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of Taylor Wimpey in a research note on Tuesday, July 31st. Deutsche Bank decreased their price target on shares of Taylor Wimpey from GBX 246 ($3.21) to GBX 244 ($3.19) and set a “buy” rating for the company in a research note on Wednesday, August 1st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 210 ($2.74) price target on shares of Taylor Wimpey in a research note on Wednesday, August 1st. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 200 ($2.61) price target (down from GBX 206 ($2.69)) on shares of Taylor Wimpey in a research note on Wednesday, September 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 206.82 ($2.70).

The company also recently announced a dividend, which will be paid on Friday, November 9th. Investors of record on Thursday, October 4th will be paid a dividend of GBX 2.44 ($0.03) per share. The ex-dividend date is Thursday, October 4th. This represents a dividend yield of 1.42%.

About Taylor Wimpey (LON:TW)

Taylor Wimpey plc operates as a homebuilding company in the United Kingdom and Spain. It builds various homes, such as one- and two-bedroom apartments to six-bedroom detached houses. The company was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.

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