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

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued on Monday, MarketBeat.com reports. They presently have a GBX 135 target price on the homebuilder’s stock. Berenberg Bank’s price objective would indicate a potential upside of 36.89% from the company’s previous close.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Taylor Wimpey in a report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Taylor Wimpey from GBX 136 to GBX 122 and set a “hold” rating on the stock in a report on Tuesday, August 5th. Citigroup decreased their price objective on shares of Taylor Wimpey from GBX 150 to GBX 147 and set a “buy” rating on the stock in a report on Thursday, July 24th. Finally, Royal Bank Of Canada decreased their price objective on shares of Taylor Wimpey from GBX 135 to GBX 130 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 143.17.

Taylor Wimpey Stock Down 0.2%

Shares of LON:TW opened at GBX 98.62 on Monday. The stock has a market capitalization of £3.55 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a fifty day moving average price of GBX 104.47 and a 200-day moving average price of GBX 111.19. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79.

Taylor Wimpey (LON:TW) last issued its earnings results on Wednesday, July 30th. The homebuilder reported GBX 3.20 earnings per share for the quarter. Taylor Wimpey had a net margin of 7.25% and a return on equity of 5.50%. On average, research analysts forecast that Taylor Wimpey will post 9.8339265 EPS for the current year.

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.