Taylor Wimpey (LON:TW) Upgraded by Royal Bank of Canada to Outperform

Taylor Wimpey (LON:TW) was upgraded by analysts at Royal Bank of Canada to an “outperform” rating in a note issued to investors on Friday, Marketbeat reports. The firm currently has a GBX 175 ($2.21) target price on the homebuilder’s stock. Royal Bank of Canada’s target price suggests a potential upside of 30.01% from the stock’s previous close.

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 130 ($1.65) target price on shares of Taylor Wimpey in a research note on Monday, March 4th.

Taylor Wimpey Stock Up 3.3 %

LON:TW opened at GBX 134.60 ($1.70) on Friday. The stock has a market cap of £4.76 billion, a price-to-earnings ratio of 1,346.00, a PEG ratio of 1.92 and a beta of 1.77. The company has a current ratio of 5.37, a quick ratio of 0.71 and a debt-to-equity ratio of 2.80. The stock has a 50-day moving average price of GBX 140.25 and a two-hundred day moving average price of GBX 133.04. Taylor Wimpey has a 1 year low of GBX 98.92 ($1.25) and a 1 year high of GBX 150.60 ($1.91).

Insider Buying and Selling

In other Taylor Wimpey news, insider Jennie Daly acquired 132,448 shares of the stock in a transaction dated Thursday, March 28th. The shares were bought at an average cost of GBX 141 ($1.78) per share, for a total transaction of £186,751.68 ($236,364.61). Over the last three months, insiders bought 132,658 shares of company stock worth $18,705,276. 0.79% of the stock is owned by corporate insiders.

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.