Taylor Wimpey (LON:TW) Earns “Buy” Rating from Berenberg Bank

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued to investors on Monday, MarketBeat reports. They presently have a GBX 135 price objective on the homebuilder’s stock. Berenberg Bank’s price target would indicate a potential upside of 34.73% from the company’s current price.

Several other equities analysts have also recently weighed in on TW. Deutsche Bank Aktiengesellschaft decreased their price objective on Taylor Wimpey from GBX 136 to GBX 122 and set a “hold” rating for the company in a report on Tuesday, August 5th. Peel Hunt reissued a “hold” rating and set a GBX 110 price target on shares of Taylor Wimpey in a research report on Wednesday, October 1st. JPMorgan Chase & Co. restated a “neutral” rating on shares of Taylor Wimpey in a research note on Thursday, October 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 142 price target on shares of Taylor Wimpey in a research report on Wednesday, October 8th. Finally, Citigroup upped their price objective on Taylor Wimpey from GBX 140 to GBX 145 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of GBX 133.43.

Taylor Wimpey Stock Performance

Taylor Wimpey stock traded down GBX 1.90 during mid-day trading on Monday, reaching GBX 100.20. The company’s stock had a trading volume of 17,429,023 shares, compared to its average volume of 2,409,451. 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 firm’s 50 day simple moving average is GBX 102.88 and its 200 day simple moving average is GBX 108.33. The stock has a market cap of £3.60 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81.

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.