Taylor Wimpey (LON:TW) Given New GBX 95 Price Target at Berenberg Bank

Taylor Wimpey (LON:TW) had its price objective reduced by stock analysts at Berenberg Bank from GBX 100 to GBX 95 in a note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the homebuilder’s stock. Berenberg Bank’s price objective indicates a potential upside of 21.79% from the stock’s previous close.

Several other research analysts also recently weighed in on TW. Jefferies Financial Group dropped their target price on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a report on Tuesday, May 5th. Royal Bank Of Canada downgraded Taylor Wimpey to an “outperform” rating and dropped their price target for the stock from GBX 115 to GBX 110 in a research note on Monday. JPMorgan Chase & Co. cut their price objective on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a research report on Monday, May 11th. Finally, Citigroup lowered their target price on shares of Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating on the stock in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Taylor Wimpey currently has an average rating of “Hold” and a consensus price target of GBX 100.80.

Taylor Wimpey Trading Down 6.1%

LON TW opened at GBX 78 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.71 and a current ratio of 4.99. The company has a market cap of £2.80 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The business’s 50 day moving average price is GBX 79.78 and its 200 day moving average price is GBX 90.23.

Taylor Wimpey (LON:TW) last posted its quarterly earnings results on Friday, July 31st. The homebuilder reported GBX 2.50 earnings per share for the quarter. Taylor Wimpey had a net margin of 6.43% and a return on equity of 5.99%. Sell-side analysts forecast that Taylor Wimpey will post 9.8339265 EPS for the current year.

Insider Buying and Selling at Taylor Wimpey

In other news, insider Mark Castle acquired 1,999 shares of Taylor Wimpey stock in a transaction that occurred on Thursday, June 11th. The shares were bought at an average cost of GBX 75 per share, with a total value of £1,499.25. Insiders have acquired a total of 3,140 shares of company stock valued at $239,880 over the last quarter. Corporate insiders own 0.87% of the company’s stock.

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.