Jefferies Financial Group Cuts Taylor Wimpey (LON:TW) Price Target to GBX 132

Taylor Wimpey (LON:TW) had its target price reduced by Jefferies Financial Group from GBX 140 to GBX 132 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. They currently have a buy rating on the homebuilder’s stock.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped their price objective on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating for the company in a research note on Thursday, December 4th. The Goldman Sachs Group started coverage on Taylor Wimpey in a research report on Monday, November 24th. They issued a “neutral” rating and a GBX 109 price target for the company. Peel Hunt restated a “hold” rating and set a GBX 110 price objective on shares of Taylor Wimpey in a research report on Wednesday, October 1st. Citigroup dropped their target price on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a report on Friday, January 16th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 128 price target on shares of Taylor Wimpey in a report on Thursday, January 15th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Taylor Wimpey presently has an average rating of “Moderate Buy” and a consensus target price of GBX 126.

Taylor Wimpey Trading Down 1.1%

Shares of Taylor Wimpey stock opened at GBX 106.40 on Monday. The company has a market capitalization of £3.82 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 2.04 and a beta of 1.81. The company’s 50 day moving average price is GBX 103.67 and its 200 day moving average price is GBX 103.49. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08.

Insider Activity

In related 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. In the last ninety days, insiders have bought 3,124 shares of company stock valued at $321,174. Company 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.