Royal Bank Of Canada Has Lowered Expectations for Taylor Wimpey (LON:TW) Stock Price

Taylor Wimpey (LON:TW) had its price target lowered by Royal Bank Of Canada from GBX 135 ($1.79) to GBX 130 ($1.73) in a report issued on Thursday, Marketbeat Ratings reports. The firm presently has a “sector perform” rating on the homebuilder’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 28.59% from the stock’s previous close.

Several other equities analysts also recently weighed in on TW. Citigroup decreased their target price on Taylor Wimpey from GBX 150 ($1.99) to GBX 147 ($1.95) and set a “buy” rating on the stock in a research report on Thursday, July 24th. Berenberg Bank restated a “buy” rating and issued a GBX 150 ($1.99) target price on shares of Taylor Wimpey in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 147.40 ($1.96).

Taylor Wimpey Stock Down 1.1%

Shares of TW opened at GBX 101.10 ($1.34) on Thursday. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of £3.63 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The business has a 50 day moving average of GBX 115.07 and a 200-day moving average of GBX 114.44.

Taylor Wimpey (LON:TW) last issued its earnings results on Wednesday, July 30th. The homebuilder reported GBX 3.20 ($0.04) EPS for the quarter. Taylor Wimpey had a return on equity of 5.50% and a net margin of 7.25%. As a group, equities analysts anticipate that Taylor Wimpey will post 9.8339265 EPS for the current fiscal 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.