Taylor Wimpey (LON:TW) Price Target Lowered to GBX 120 at JPMorgan Chase & Co.

Taylor Wimpey (LON:TW) had its price target decreased by JPMorgan Chase & Co. from GBX 140 to GBX 120 in a research note released on Thursday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the homebuilder’s stock.

Other research analysts have also issued reports about the stock. Berenberg Bank restated a “buy” rating and issued a GBX 135 target price on shares of Taylor Wimpey in a report on Monday, November 17th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 142 price objective on shares of Taylor Wimpey in a research report on Wednesday, October 8th. The Goldman Sachs Group began coverage on shares of Taylor Wimpey in a research note on Monday, November 24th. They set a “neutral” rating and a GBX 109 price objective on the stock. Peel Hunt restated a “hold” rating and set a GBX 110 target price on shares of Taylor Wimpey in a research report on Wednesday, October 1st. Finally, Citigroup boosted their price target on Taylor Wimpey from GBX 140 to GBX 145 and gave the company a “buy” rating in a report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Taylor Wimpey currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 129.13.

Taylor Wimpey Stock Down 0.4%

Shares of LON:TW opened at GBX 101.75 on Thursday. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71. The stock has a market capitalization of £3.66 billion, a P/E ratio of 14.84, a P/E/G ratio of 2.04 and a beta of 1.81. The firm has a 50-day moving average of GBX 103.66 and a two-hundred day moving average of GBX 106.87.

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.