Citigroup Cuts Taylor Wimpey (LON:TW) Price Target to GBX 105

Taylor Wimpey (LON:TW) had its price target trimmed by Citigroup from GBX 137 to GBX 105 in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a buy rating on the homebuilder’s stock.

Several other brokerages also recently weighed in on TW. Deutsche Bank Aktiengesellschaft reduced their price target on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a report on Monday, May 11th. JPMorgan Chase & Co. dropped their price objective on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a report on Tuesday, June 16th. Jefferies Financial Group cut their price objective on Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Royal Bank Of Canada lowered Taylor Wimpey to an “outperform” rating and reduced their target price for the stock from GBX 115 to GBX 110 in a research note on Monday. Finally, Berenberg Bank decreased their target price on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 99.40.

Taylor Wimpey Price Performance

Taylor Wimpey stock opened at GBX 82.84 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.99 and a quick ratio of 0.71. The stock has a market cap of £2.98 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 2.04 and a beta of 1.30. The stock has a fifty day moving average price of GBX 79.79 and a 200-day moving average price of GBX 89.65.

Taylor Wimpey (LON:TW) last announced its earnings results 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%. Research analysts anticipate that Taylor Wimpey will post 9.8339265 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Mark Castle bought 1,999 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average cost of GBX 75 per share, for a total transaction of £1,499.25. In the last 90 days, insiders have bought 3,140 shares of company stock valued at $239,880. 0.87% of the stock is owned by corporate insiders.

About Taylor Wimpey

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.