Taylor Wimpey (LON:TW) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Taylor Wimpey (LON:TW) in a report issued on Monday morning, Marketbeat reports. The brokerage currently has a GBX 135 target price on the homebuilder’s stock.

A number of other brokerages have also recently weighed in on TW. JPMorgan Chase & Co. restated a “neutral” rating on shares of Taylor Wimpey in a research note on Thursday, October 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 142 target price on shares of Taylor Wimpey in a report on Wednesday, October 8th. Citigroup raised their price target on shares of Taylor Wimpey from GBX 140 to GBX 145 and gave the company a “buy” rating in a report on Friday, October 3rd. Peel Hunt reiterated a “hold” rating and set a GBX 110 price objective on shares of Taylor Wimpey in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 130 target price on shares of Taylor Wimpey in a research note on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 133.43.

Taylor Wimpey Stock Down 1.9%

TW stock traded down GBX 1.90 during trading on Monday, hitting GBX 100.20. 17,429,023 shares of the company’s stock traded hands, compared to its average volume of 2,409,451. The company has a market capitalization of £3.60 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71. The stock’s 50-day moving average price is GBX 102.88 and its two-hundred day moving average price is GBX 108.33.

Taylor Wimpey Company Profile

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.