This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Taylor Wimpey Stock
Taylor Wimpey (TW.)
Will shares fall back towards 100p lows or rally towards 210p highs?
Taylor Wimpey (TW.) is one of the leading UK house builders and, like its peers, has seen its share price hit hard by the Brexit vote amid concerns UK house prices could now fall by 20%. Its results announcement will be scoured for any inkling as to the company’s outlook in light of this. Note that demand is still outstripping supply in the UK housing market, and that government sources say the UK needs to build 300,000 new homes every year in order to redress the balance.
Reporting: Half-year results on 31 July
Broker Consensus: 59% Buy, 35% Hold, 6% Sell
Bullish: JP Morgan, Overweight, Target 250p, +70% (17 May)
Average 12-month target price: 177p, +21% (22 Jul)
Bearish: Credit Suisse, Neutral, Target 118p, -20% (30 Jun)
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Prepared by Michael van Dulken, Head of Research
