Taylor Wimpey (LON:TW) Price Target Cut to GBX 100 by Analysts at JPMorgan Chase & Co.

Taylor Wimpey (LON:TW) had its price objective decreased by analysts at JPMorgan Chase & Co. from GBX 120 to GBX 100 in a note issued to investors on Wednesday,Digital Look reports. The firm currently has a “neutral” rating on the homebuilder’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 26.58% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on TW. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 150 target price on shares of Taylor Wimpey in a research report on Friday, January 16th. Bank of America decreased their target price on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating for the company in a research report on Monday, March 30th. Jefferies Financial Group cut their price target on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a report on Monday, January 19th. Berenberg Bank cut their price target on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a report on Wednesday. Finally, Citigroup cut their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 117.50.

Taylor Wimpey Trading Down 5.3%

Taylor Wimpey stock traded down GBX 4.38 during trading hours on Wednesday, reaching GBX 79. 58,131,265 shares of the company were exchanged, compared to its average volume of 2,409,451. The firm has a market capitalization of £2.84 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 2.04 and a beta of 1.40. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96. The firm has a 50 day moving average price of GBX 94.58 and a 200-day moving average price of GBX 101.52.

Taylor Wimpey (LON:TW) last announced its earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share (EPS) for the quarter. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%. As a group, research analysts forecast that Taylor Wimpey will post 9.8339265 EPS for the current year.

Taylor Wimpey declared that its Board of Directors has approved a share repurchase program on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the homebuilder to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, insider Chris Carney sold 329,993 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total value of £333,292.93. Also, insider Jennie Daly sold 490,379 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total value of £495,282.79. Over the last quarter, insiders have bought 230,222 shares of company stock valued at $19,808,326. 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.