Taylor Wimpey had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ yesterday by analysts at Deutsche Bank. Deutsche Bank have set their target price at 233 GBX on its stock. This is indicating the analyst believes there is a potential upside of 27.7% from yesterday's opening price of 182.5 GBX.
Strange old day. I guess the market doesn't like the increased stamp duty proposed for buy to let investors? I can't say I like it either; it's not at all right. I'm really sick of buy to let investors getting penalised more and more. What we really need is an increase in stamp duty for overseas buyers buying property in the UK; many aren't even resident in this country. Some rich middle eastern owners live here one month of the year, keeping prime properties in central London vacant for the rest of the year. That lessens housing stock for UK residents. New developments and existing properties are continuing to be marketed abroad. I see this all the time.
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