Jefferies Financial Group Reiterates Buy Rating for Taylor Wimpey (LON:TW)

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a report issued on Monday,Digital Look reports. They currently have a GBX 175 ($2.22) price target on the homebuilder’s stock. Jefferies Financial Group’s price target would indicate a potential upside of 54.39% from the company’s previous close.

Separately, JPMorgan Chase & Co. downgraded shares of Taylor Wimpey to a “neutral” rating and lowered their price objective for the company from GBX 170 ($2.16) to GBX 150 ($1.91) in a research report on Thursday, December 5th.

Taylor Wimpey Price Performance

TW traded up GBX 1.40 ($0.02) on Monday, reaching GBX 113.35 ($1.44). 288,514,949 shares of the company traded hands, compared to its average volume of 2,409,451. The business has a 50-day moving average price of GBX 116.85 and a 200 day moving average price of GBX 138.36. The stock has a market cap of £4.07 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79.

Taylor Wimpey (LON:TW) last announced its quarterly earnings data on Thursday, February 27th. The homebuilder reported GBX 8.40 ($0.11) EPS for the quarter. Taylor Wimpey had a net margin of 7.25% and a return on equity of 5.50%. As a group, equities research analysts forecast that Taylor Wimpey will post 9.8339265 earnings per share for the current fiscal year.

Insider Buying and Selling at Taylor Wimpey

In other news, insider Jennie Daly acquired 44,679 shares of Taylor Wimpey stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of GBX 112 ($1.42) per share, for a total transaction of £50,040.48 ($63,591.92). Insiders acquired 44,929 shares of company stock worth $5,034,053 over the last ninety days. 0.87% of the stock is currently owned by insiders.

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.