Deutsche Bank Aktiengesellschaft Cuts Taylor Wimpey (LON:TW) Price Target to GBX 82

Taylor Wimpey (LON:TW) had its price objective lowered by Deutsche Bank Aktiengesellschaft from GBX 96 to GBX 82 in a note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a “hold” rating on the homebuilder’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 5.13% from the stock’s previous close.

A number of other analysts have also commented on TW. Jefferies Financial Group cut their price objective on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research report on Tuesday, June 16th. Citigroup lowered their price target on shares of Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating on the stock in a research note on Monday. Royal Bank Of Canada cut shares of Taylor Wimpey to an “outperform” rating and cut their price target for the stock from GBX 115 to GBX 110 in a research report on Monday. Finally, Berenberg Bank cut their price target on shares of Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating on the stock in a research report on Monday. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 99.40.

Taylor Wimpey Stock Performance

LON TW opened at GBX 78 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.99 and a quick ratio of 0.71. The company has a 50 day moving average price of GBX 79.75 and a 200 day moving average price of GBX 90. The company has a market cap of £2.80 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW) last issued 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%. On average, equities research analysts forecast that Taylor Wimpey will post 9.8339265 EPS for the current year.

Insider Activity at Taylor Wimpey

In other news, insider Mark Castle bought 1,999 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of GBX 75 per share, with a total value of £1,499.25. Over the last three months, insiders purchased 3,140 shares of company stock valued at $239,880. Corporate insiders own 0.87% of the company’s stock.

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.