Taylor Wimpey PLC (TW) is a UK top 10 housebuilder that’s still attracting investor attention despite the ups and downs in the market and changing housing needs. Here’s the Taylor Wimpey share price forecast for 2024 including expert views, analyst recommendations and market trends that will impact.
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The Taylor Wimpey share price has been under the microscope as the UK housing market faces rising rates, construction costs and fluctuating demand. But analysts are cautiously optimistic, using data from multiple providers to analyze stock ratings and price forecasts, including consensus analyst ratings, normalized scores, and average price targets derived from aggregated data collected over the past twelve months. The predictions are good for long term investors.
Consensus: The consensus rating, reflecting the collective assessments of various analysts regarding the stock’s future performance, indicates a price target of 125p to 150p for 2024 from here.
Strong Buy: Most analysts are strong buy with Taylor Wimpey’s strong pipeline and consistent dividend payments.
Taylor Wimpey PLC is a well known UK housebuilder with a long history of building quality homes across the country. The company operates through various divisions in both the UK and Spain, focusing on different types of sales, including primary homes and second homes. Listed under TW, the company builds a wide range of homes for all demographics, from first time buyers to large families.
The Taylor Wimpey share price is at a level that reflects the higher rates and inflation. But the shares trade at a forward price-to-earnings (P/E) ratio that suggests good valuation for growth when the economy stabilises.
Taylor Wimpey is still paying out dividends to its shareholders. The next dividend is expected to be announced in June 2024 with an estimated yield of 6-7% making it one of the top dividend paying stocks in the UK.
Most analysts are buy on Taylor Wimpey with strong fundamentals and housing market recovery.
The recent fall in Taylor Wimpey share price is due to:
Analyst Consensus: Taylor Wimpey has strong balance sheet and good land bank so good for long term growth. When evaluating stocks like Taylor Wimpey, it is important to take into account various factors such as market trends, financial health, and growth potential. Investors can manage their investments effectively by opening a brokerage account and staying informed about market conditions.
Sector Trends: As the housing market stabilises Taylor Wimpey will benefit from the upturn.
Taylor Wimpey PLC is still a good play for the UK housing market. Despite the challenges the fundamentals, dividend and growth are good. Analysts expect 15% share price growth in 2024 so good for both income and growth investors.
By staying informed and closely monitoring market trends, investors can make confident decisions about adding Taylor Wimpey shares to their portfolios.
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