Taylor Wimpey (LON:TW) Given New GBX 120 Price Target at Berenberg Bank

Taylor Wimpey (LON:TW) had its price objective decreased by Berenberg Bank from GBX 128 to GBX 120 in a research note published on Tuesday, MarketBeat reports. Berenberg Bank currently has a buy rating on the homebuilder’s stock.

A number of other equities research analysts have also weighed in on TW. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 150 target price on shares of Taylor Wimpey in a research report on Friday, January 16th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a report on Thursday, March 5th. The Goldman Sachs Group started coverage on shares of Taylor Wimpey in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 109 target price on the stock. Citigroup dropped their price objective on shares of Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. dropped their price target on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Taylor Wimpey currently has a consensus rating of “Moderate Buy” and an average price target of GBX 124.44.

Taylor Wimpey Stock Performance

Shares of LON TW opened at GBX 97.76 on Tuesday. The company has a current ratio of 4.96, a quick ratio of 0.71 and a debt-to-equity ratio of 2.96. The business has a 50-day moving average price of GBX 108.77 and a 200 day moving average price of GBX 104.35. The company has a market capitalization of £3.51 billion, a P/E ratio of 14.26, a PEG ratio of 2.04 and a beta of 1.35.

Taylor Wimpey (LON:TW) last released its quarterly earnings results on Thursday, March 5th. The homebuilder reported GBX 8 EPS for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. On average, analysts forecast that Taylor Wimpey will post 9.8339265 earnings per share for the current fiscal year.

Taylor Wimpey declared that its board has authorized a share buyback plan on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the homebuilder to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity

In other news, insider Mark Castle purchased 2,267 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of GBX 102 per share, for a total transaction of £2,312.34. Also, insider Chris Carney sold 329,993 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of GBX 101, for a total transaction of £333,292.93. Insiders purchased a total of 3,137 shares of company stock valued at $321,426 in the last quarter. 0.87% of the stock is currently owned by company insiders.

Taylor Wimpey News Summary

Here are the key news stories impacting Taylor Wimpey this week:

• Positive Sentiment: Two insiders (Chris Carney and Jennie Daly) made small open-market purchases (157 shares each at GBX 96 on 9 Mar), which can be read as a modest signal of confidence from management. Insider Trades
• Neutral Sentiment: A retail piece notes how a hypothetical £7,500 holding in Taylor Wimpey performed over 18 months — useful for retail investor sentiment but not material company news. MSN Article
• Negative Sentiment: Berenberg cut its price target on Taylor Wimpey from GBX 128 to GBX 120 (but kept a “buy” rating). A lower target from a well-known broker can weigh on sentiment and act as a catalyst for downside pressure. Digital Look
• Negative Sentiment: Large insider selling: Chris Carney sold 329,993 shares on 5 Mar (avg GBX 101) for ~£333k. The scale of that sale is likely a primary negative driver for the share-price drop despite subsequent small purchases. Sale Report

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.