Taylor Wimpey’s (TW) “Buy” Rating Reaffirmed at Jefferies Financial Group

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a research report issued on Monday, MarketBeat Ratings reports. They currently have a GBX 101 target price on the homebuilder’s stock. Jefferies Financial Group’s price objective points to a potential upside of 17.44% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. dropped 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 reduced 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 report on Monday, August 3rd. Royal Bank Of Canada lowered shares of Taylor Wimpey to an “outperform” rating and lowered their price objective for the stock from GBX 115 to GBX 110 in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price objective on Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Finally, Berenberg Bank reduced their target price on Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating on the stock in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 98.

Taylor Wimpey Stock Down 1.4%

Shares of TW stock opened at GBX 86 on Monday. The business has a 50 day simple moving average of GBX 82.42 and a two-hundred day simple moving average of GBX 82.31. The stock has a market capitalization of £3.09 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 3.06, a current ratio of 4.99 and a quick ratio of 0.71.

Taylor Wimpey (LON:TW) last released 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%. Equities research analysts anticipate that Taylor Wimpey will post 9.8339265 earnings per share for the current 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.