Jefferies Financial Group Cuts Taylor Wimpey (LON:TW) Price Target to GBX 103

Taylor Wimpey (LON:TW) had its price objective cut by equities research analysts at Jefferies Financial Group from GBX 105 to GBX 103 in a research report issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the homebuilder’s stock. Jefferies Financial Group’s price target points to a potential upside of 29.66% from the company’s previous close.

A number of other brokerages also recently commented on TW. 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, January 16th. JPMorgan Chase & Co. dropped their price target on Taylor Wimpey from GBX 120 to GBX 100 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Berenberg Bank dropped their price target on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Bank of America dropped their price target on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Finally, Stifel Nicolaus reissued a “buy” rating and set a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 114.60.

Taylor Wimpey Price Performance

Shares of TW stock opened at GBX 79.44 on Tuesday. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71. The company has a market cap of £2.86 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.04 and a beta of 1.40. The stock has a 50 day moving average of GBX 93.04 and a 200-day moving average of GBX 101.18.

Taylor Wimpey (LON:TW) last issued its earnings results on Thursday, March 5th. The homebuilder reported GBX 8 EPS for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. On average, research analysts expect that Taylor Wimpey will post 9.8339265 EPS for the current fiscal year.

Taylor Wimpey declared that its board has initiated a share repurchase program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the homebuilder to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Chris Carney sold 329,993 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total transaction of £333,292.93. Also, insider Jennie Daly sold 490,379 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total value of £495,282.79. Insiders have bought a total of 230,222 shares of company stock worth $19,808,326 in the last three months. 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.