Taylor Wimpey (LON:TW) Price Target Lowered to GBX 101 at Jefferies Financial Group

Taylor Wimpey (LON:TW) had its target price cut by equities research analysts at Jefferies Financial Group from GBX 102 to GBX 101 in a note issued to investors on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the homebuilder’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 19.58% from the company’s previous close.

A number of other analysts also recently commented on the company. Royal Bank Of Canada downgraded Taylor Wimpey to an “outperform” rating and dropped their price objective for the stock from GBX 115 to GBX 110 in a report on Monday, August 3rd. Citigroup lowered their price target on Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating for the company in a research report on Monday, August 3rd. Berenberg Bank dropped their price target on Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating for the company in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. decreased their target price on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a report on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Taylor Wimpey presently has a consensus rating of “Hold” and an average target price of GBX 99.20.

Taylor Wimpey Stock Performance

TW opened at GBX 84.46 on Wednesday. The business has a 50-day moving average of GBX 80.10 and a 200 day moving average of GBX 89.01. The firm has a market capitalization of £3.04 billion, a PE ratio of 12.32, a PEG ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 3.06, a current ratio of 4.99 and a quick ratio of 0.71.

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

Insiders Place Their Bets

In other news, insider Mark Castle acquired 1,999 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of GBX 75 per share, with a total value of £1,499.25. Over the last three months, insiders have bought 2,784 shares of company stock valued at $209,976. Corporate insiders own 0.87% of the company’s stock.

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.