Taylor Wimpey (LON:TW) Upgraded at Royal Bank Of Canada

Taylor Wimpey (LON:TW) was upgraded by equities researchers at Royal Bank Of Canada to an “outperform” rating in a research note issued on Tuesday,London Stock Exchange reports. The brokerage currently has a GBX 150 target price on the homebuilder’s stock, up from their prior target price of GBX 130. Royal Bank Of Canada’s price objective points to a potential upside of 48.22% from the company’s current price.

A number of other equities research analysts have also weighed in on TW. The Goldman Sachs Group began coverage on Taylor Wimpey in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 109 price objective on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 135 price objective on shares of Taylor Wimpey in a research note on Monday, November 17th. Peel Hunt reiterated a “hold” rating and issued a GBX 110 price objective on shares of Taylor Wimpey in a report on Wednesday, October 1st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Taylor Wimpey in a research report on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Taylor Wimpey from GBX 136 to GBX 122 and set a “hold” rating for the company in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Taylor Wimpey presently has an average rating of “Moderate Buy” and an average price target of GBX 132.88.

Taylor Wimpey Stock Down 1.4%

Shares of LON TW traded down GBX 1.40 during midday trading on Tuesday, reaching GBX 101.20. 14,342,506 shares of the company were exchanged, compared to its average volume of 2,409,451. The company’s 50 day moving average price is GBX 103.47 and its 200-day moving average price is GBX 107.05. The stock has a market capitalization of £3.64 billion, a PE ratio of 14.76, a P/E/G ratio of 2.04 and a beta of 1.81. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79.

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.