Berenberg Bank Increases Taylor Wimpey (LON:TW) Price Target to GBX 122

Taylor Wimpey (LON:TW – Get Rating) had its price target lifted by research analysts at Berenberg Bank from GBX 111 ($1.40) to GBX 122 ($1.54) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the homebuilder’s stock. Berenberg Bank’s price objective would suggest a potential downside of 2.13% from the stock’s previous close.

Several other analysts also recently commented on TW. JPMorgan Chase & Co. increased their target price on Taylor Wimpey from GBX 120 ($1.51) to GBX 130 ($1.64) and gave the company a “neutral” rating in a research note on Tuesday, April 18th. Liberum Capital reaffirmed a “hold” rating and set a GBX 125 ($1.58) target price on shares of Taylor Wimpey in a research note on Monday, February 13th. Citigroup reiterated a “buy” rating on shares of Taylor Wimpey in a report on Tuesday, January 17th. Barclays upped their target price on Taylor Wimpey from GBX 125 ($1.58) to GBX 131 ($1.65) and gave the stock an “overweight” rating in a report on Tuesday, April 11th. Finally, Deutsche Bank Aktiengesellschaft lowered Taylor Wimpey to a “hold” rating in a report on Monday, February 13th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 129.50 ($1.63).

Taylor Wimpey Stock Performance

Shares of Taylor Wimpey stock opened at GBX 124.65 ($1.57) on Friday. The firm has a market capitalization of £4.40 billion, a P/E ratio of 692.50, a price-to-earnings-growth ratio of -0.99 and a beta of 1.79. The business’s fifty day simple moving average is GBX 119.97 and its 200 day simple moving average is GBX 112.15. The company has a current ratio of 4.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.57. Taylor Wimpey has a 12 month low of GBX 80.64 ($1.02) and a 12 month high of GBX 133.65 ($1.69).

Insider Transactions at Taylor Wimpey

In other news, insider Chris Carney sold 73,817 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of GBX 118 ($1.49), for a total value of £87,104.06 ($109,910.49). Company insiders own 0.97% of the company’s stock.

About Taylor Wimpey

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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.