In a report released yesterday, Charlie Campbell from Stifel Nicolaus maintained a Buy rating on Taylor Wimpey (TW – Research Report), with a price target of p135.00.
Charlie Campbell has given his Buy rating due to a combination of factors that indicate a positive outlook for Taylor Wimpey. The company has demonstrated a strong sales performance, with a 4% increase in its UK private sales rate, surpassing expectations. This improvement highlights the resilience of the housing market and Taylor Wimpey’s ability to capitalize on favorable conditions.
Additionally, the company’s strategic positioning and robust land supply provide a competitive advantage, especially in a market where land scarcity is a significant growth challenge. Despite broader economic concerns, such as slower UK GDP growth due to international trade tensions, the impact is mitigated by disinflation and easing interest rates. These factors, combined with a strong balance sheet and a consistent dividend policy, contribute to the 14% upside potential and a total shareholder return of 22%, justifying the Buy rating.
In another report released today, Citi also maintained a Buy rating on the stock with a £1.50 price target.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock.