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

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a note issued to investors on Monday, MarketBeat reports. They currently have a GBX 135 price target on the homebuilder’s stock. Berenberg Bank’s target price would indicate a potential upside of 34.73% from the company’s previous close.

Several other research firms also recently commented on TW. Jefferies Financial Group reissued a “buy” rating and issued a GBX 142 target price on shares of Taylor Wimpey in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 130 price target on shares of Taylor Wimpey in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their price target 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. Citigroup raised their price objective on Taylor Wimpey from GBX 140 to GBX 145 and gave the company a “buy” rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Taylor Wimpey in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Taylor Wimpey currently has an average rating of “Hold” and an average price target of GBX 133.43.

Taylor Wimpey Price Performance

Shares of LON:TW opened at GBX 100 on Monday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08. The stock has a market cap of £3.59 billion, a P/E ratio of 14.59, a PEG ratio of 2.04 and a beta of 1.81. The firm’s 50-day simple moving average is GBX 102.91 and its 200-day simple moving average is GBX 108.19.

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.