Taylor Wimpey (LON:TW) Stock Rating Reaffirmed by JPMorgan Chase & Co.

Taylor Wimpey (LON:TWGet Rating)‘s stock had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 180 ($2.27) price target on the homebuilder’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 41.57% from the stock’s current price.

TW has been the subject of a number of other research reports. Barclays reiterated an “overweight” rating and issued a GBX 195 ($2.45) price target on shares of Taylor Wimpey in a report on Friday, January 28th. Morgan Stanley restated an “overweight” rating on shares of Taylor Wimpey in a report on Wednesday, May 11th. Liberum Capital restated a “buy” rating and set a GBX 165 ($2.08) target price on shares of Taylor Wimpey in a report on Wednesday. Berenberg Bank restated a “buy” rating and set a GBX 220 ($2.77) target price on shares of Taylor Wimpey in a report on Wednesday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Taylor Wimpey from GBX 191 ($2.40) to GBX 189 ($2.38) and set a “buy” rating for the company in a report on Friday, May 6th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 191.13 ($2.40).

Shares of LON TW opened at GBX 127.15 ($1.60) on Thursday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.05 and a current ratio of 5.83. The firm has a market capitalization of £4.54 billion and a price-to-earnings ratio of 8.37. The stock has a 50 day moving average price of GBX 130.88 and a 200 day moving average price of GBX 147.53. Taylor Wimpey has a 52-week low of GBX 119.60 ($1.50) and a 52-week high of GBX 185.02 ($2.33).

In related news, insider Chris Carney sold 11,460 shares of the company’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of GBX 143 ($1.80), for a total value of £16,387.80 ($20,621.37). Also, insider Jennie Daly sold 53,388 shares of the company’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of GBX 146 ($1.84), for a total value of £77,946.48 ($98,082.90). In the last quarter, insiders have sold 107,887 shares of company stock valued at $15,157,615.

About Taylor Wimpey (Get Rating)

Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. It builds and delivers various homes and communities, including apartments to six-bedroom houses. Taylor Wimpey plc was founded in 1880 and is based in High Wycombe, the United Kingdom.

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