Berenberg Bank Reiterates “Buy” Rating for Taylor Wimpey (LON:TW)

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 150 ($1.99) target price on the homebuilder’s stock. Berenberg Bank’s price target would indicate a potential upside of 27.71% from the stock’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 175 ($2.32) price target on shares of Taylor Wimpey in a research note on Monday, March 3rd.

Taylor Wimpey Stock Down 0.8 %

Shares of TW stock opened at GBX 117.45 ($1.56) on Wednesday. The stock’s 50 day simple moving average is GBX 111.18 and its 200 day simple moving average is GBX 122.42. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of £4.22 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.04 and a beta of 1.81.

Taylor Wimpey (LON:TW) last posted its quarterly earnings results on Thursday, February 27th. The homebuilder reported GBX 8.40 ($0.11) earnings per share (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 analysts predict that Taylor Wimpey will post 9.8339265 EPS for the current fiscal year.

Insider Transactions at Taylor Wimpey

In other Taylor Wimpey news, insider Chris Carney purchased 117,254 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was acquired at an average price of GBX 114 ($1.51) per share, with a total value of £133,669.56 ($177,586.77). Also, insider Jennie Daly sold 358,158 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of GBX 112 ($1.49), for a total transaction of £401,136.96 ($532,930.73). Company insiders own 0.87% of the company’s stock.

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.