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Prices & Quotes - UK Markets - Taylor Wimpey (TW.)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 164.60p
Change Today:
-1.45p
Market Cap:
6,002m
Sector:
Household Goods & Home Construction

Berenberg raises target price on Taylor Wimpey

By Iain Gilbert

Date: Tuesday 23 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg raised their target price on construction firm Taylor Wimpey from 180.0p to 210.0p on Tuesday, citing continued momentum across the group.
Berenberg highlighted that Taylor Wimpey shares were "the second-best performer" in the sector year-to-date, up 23%, as the company's valuation was now in line with historical averages.

The German bank expects volumes and margins will continue to recover in the first half of 2021, buoyed by strong market conditions, leading it to retain its 'buy' recommendation on the stock and hike the target price.

Berenberg also stated that recent land purchases by TW laid foundations for growth, with the company raising around 510.0m in summer 2020, some of which was to acquire land opportunistically when pricing was favourable - something the analysts think should support volume growth in 2022 and beyond.

The raise also strengthens the balance sheet in the near-term, according to Berenberg, with Taylor Wimpey allocating capital towards land purchases but also using strong cash generation to likely support "attractive capital returns".

"TW is trading at 1.6x FY 2021E book value, in line with the five-year average. As a result of the increased forecasts, our price target increases to 210.0p and we retain our 'buy' rating," concluded Berenberg.

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Taylor Wimpey Market Data

Currency UK Pounds
Price 164.60p
Change Today -1.45p
52 Week High 191.70p
52 Week Low 99.18p
Volume 6,016,219
Shares Issued 3,646.48m
Market Cap 6,002m

Performance Indicators

Compare performance with the sector and the market.

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Price Trend
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Income
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Growth
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P/E
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PEG
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Dividend Yield
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EPS Growth
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Operating Margin
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What The Brokers Say

Strong Buy 15
Buy 2
Neutral 1
Sell 0
Strong Sell 0
Total 18
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Taylor Wimpey Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Apr-21 03-Oct-19
Paid 14-May-21 08-Nov-19
Amount 4.14p 3.84p

Trades for 30-Jul-2021

Time Volume / Share Price
16:35 3,662,712 @ 164.60p
16:29 4 @ 164.70p
16:29 2 @ 164.70p
16:29 18,099 @ 164.88p
16:29 3 @ 164.85p

Taylor Wimpey Key Personnel

CEO Pete Redfern
Chair Irene Dorner