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Investing.com - Kepler Cheuvreux initiated coverage on Taylor Wimpey Plc. (LSE:LON:TW) (OTC:TWODF) with a Buy rating and a price target of GBP1.50, citing the homebuilder’s strong positioning in Britain.
The research firm expects Taylor Wimpey to deliver strong earnings growth supported by increased completions and average selling price growth in the coming years.
Kepler Cheuvreux highlighted that targeted government initiatives aimed at addressing planning and demand constraints should improve the outlook for the entire sector and revive investor interest.
The company’s focus on shareholder returns was noted as a key strength, with the research firm projecting high-single-digit dividend yields for Taylor Wimpey through the rest of the decade.
Taylor Wimpey, one of Britain’s largest homebuilders, is well-positioned to benefit from improving conditions in the UK housing market, according to the Kepler Cheuvreux analysis.
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