Berenberg Bank Cuts Taylor Wimpey (LON:TW) Price Target to GBX 95

Taylor Wimpey (LON:TW) had its price objective decreased by Berenberg Bank from GBX 100 to GBX 95 in a research report report published on Monday, Marketbeat.com reports. Berenberg Bank currently has a buy rating on the homebuilder’s stock.

Several other equities analysts have also recently weighed in on TW. Royal Bank Of Canada cut Taylor Wimpey to an “outperform” rating and lowered their target price for the company from GBX 115 to GBX 110 in a research note on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their price target 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. Citigroup lowered their price objective on shares of Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating on the stock in a research report on Monday. Finally, Jefferies Financial Group dropped their price objective on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 99.40.

Taylor Wimpey Trading Up 1.9%

Shares of TW stock opened at GBX 82.84 on Monday. The stock has a market capitalization of £2.98 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The company has a quick ratio of 0.71, a current ratio of 4.99 and a debt-to-equity ratio of 0.97. The company’s fifty day simple moving average is GBX 79.79 and its two-hundred day simple moving average is GBX 89.65.

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

Insider Activity

In other news, insider Mark Castle acquired 1,999 shares of Taylor Wimpey stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of GBX 75 per share, with a total value of £1,499.25. Insiders acquired 3,140 shares of company stock worth $239,880 in the last ninety days. 0.87% of the stock is currently owned by company insiders.

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.