Peter Ajose-Adeogun, an analyst from Morgan Stanley, maintained the Hold rating on Taylor Wimpey. The associated price target is p110.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Peter Ajose-Adeogun has given his Hold rating due to a combination of factors influencing Taylor Wimpey’s current market position. The company is targeting a significant increase in completions to 14,000, which is notably higher than the guidance for 2025 of approximately 10,600. However, the operating margin is projected to remain between 16-18%, and the overall guidance for 2025 remains unchanged with an operating profit of around £424 million and completions between 10,400 and 10,800.
Despite a year-to-date sales rate increase of 3%, the sales rate in the nine weeks leading up to September has decreased by 7% compared to the same period last year. This decline in sales rate, coupled with management’s concern over potentially reduced customer sentiment due to the delayed UK Budget, suggests caution. Nonetheless, the company is considered well-positioned, and its capital allocation policy has been reaffirmed, supporting the decision to maintain a Hold rating.