Taylor Wimpey (LON:TW) Price Target Lowered to GBX 137 at Citigroup

Taylor Wimpey (LON:TW) had its price objective lowered by research analysts at Citigroup from GBX 143 to GBX 137 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the homebuilder’s stock. Citigroup’s target price would indicate a potential upside of 31.86% from the company’s previous close.

A number of other research firms have also recently commented on TW. Jefferies Financial Group restated a “buy” rating and issued a GBX 142 price target on shares of Taylor Wimpey in a report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 150 target price on shares of Taylor Wimpey in a research note on Friday. JPMorgan Chase & Co. reduced their target price on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Peel Hunt reaffirmed a “hold” rating and set a GBX 110 price target on shares of Taylor Wimpey in a research note on Wednesday, October 1st. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 135 price objective on shares of Taylor Wimpey in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 128.13.

Taylor Wimpey Stock Down 3.5%

TW traded down GBX 3.75 during trading hours on Friday, reaching GBX 103.90. 30,287,702 shares of the company’s stock traded hands, compared to its average volume of 2,409,451. The company’s 50-day moving average price is GBX 103.52 and its 200-day moving average price is GBX 103.91. The firm has a market capitalization of £3.74 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71.

Insider Activity

In other news, insider Mark Castle acquired 2,267 shares of Taylor Wimpey stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of GBX 102 per share, for a total transaction of £2,312.34. Over the last quarter, insiders have purchased 3,124 shares of company stock valued at $321,174. 0.87% of the stock is owned by 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.