Citigroup Issues Positive Forecast for Taylor Wimpey (LON:TW) Stock Price

Taylor Wimpey (LON:TW) had its price objective lifted by Citigroup from GBX 140 to GBX 145 in a research report released on Friday, MarketBeat reports. The brokerage currently has a buy rating on the homebuilder’s stock.

A number of other research analysts have also recently weighed in on TW. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Taylor Wimpey from GBX 136 to GBX 122 and set a “hold” rating on the stock in a research note on Tuesday, August 5th. Peel Hunt reiterated a “hold” rating and issued a GBX 110 target price on shares of Taylor Wimpey in a research note on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Taylor Wimpey in a research note on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 130 target price on shares of Taylor Wimpey in a research note on Thursday. Finally, Berenberg Bank restated a “buy” rating and set a GBX 135 price target on shares of Taylor Wimpey in a research note on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 138.14.

Taylor Wimpey Stock Performance

Shares of TW stock opened at GBX 106.65 on Friday. 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 50-day moving average price of GBX 100.02 and a 200-day moving average price of GBX 109.56. The company has a market cap of £3.83 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81.

Taylor Wimpey (LON:TW) last released 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, sell-side analysts forecast 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.