Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Taylor Wimpey (LON:TW) Stock Price

Taylor Wimpey (LON:TW) had its price objective reduced by Deutsche Bank Aktiengesellschaft from GBX 136 ($1.83) to GBX 122 ($1.64) in a report published on Tuesday morning, MarketBeat.com reports. They currently have a hold rating on the homebuilder’s stock.

A number of other equities research analysts have also weighed in on the company. Berenberg Bank cut their price objective on Taylor Wimpey from GBX 150 ($2.02) to GBX 135 ($1.82) and set a “buy” rating on the stock in a research report on Wednesday, July 30th. Royal Bank Of Canada cut their price objective on Taylor Wimpey from GBX 135 ($1.82) to GBX 130 ($1.75) and set a “sector perform” rating on the stock in a research report on Thursday, July 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Taylor Wimpey in a research report on Thursday, July 31st. Finally, Citigroup dropped their price target on Taylor Wimpey from GBX 150 ($2.02) to GBX 147 ($1.98) and set a “buy” rating on the stock in a research report on Thursday, July 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Taylor Wimpey has an average rating of “Moderate Buy” and a consensus target price of GBX 143.17 ($1.93).

Taylor Wimpey Price Performance

Shares of Taylor Wimpey stock opened at GBX 101.50 ($1.36) on Tuesday. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79. The stock has a 50 day moving average of GBX 113.77 and a 200 day moving average of GBX 114.15. The stock has a market cap of £3.65 billion, a PE ratio of 14.81, a P/E/G ratio of 2.04 and a beta of 1.81.

Taylor Wimpey (LON:TW) last issued its quarterly earnings data on Wednesday, July 30th. The homebuilder reported GBX 3.20 ($0.04) earnings per share for the quarter. Taylor Wimpey had a return on equity of 5.50% and a net margin of 7.25%. Sell-side analysts expect that Taylor Wimpey will post 9.8339265 earnings per share for the current fiscal year.

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.