Taylor Wimpey (LON:TW) Given New GBX 90 Price Target at Bank of America

Taylor Wimpey (LON:TW) had its price objective trimmed by Bank of America from GBX 110 to GBX 90 in a research report sent to investors on Monday morning,London Stock Exchange reports. The brokerage currently has a neutral rating on the homebuilder’s stock.

Several other research analysts have also recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 150 target price on shares of Taylor Wimpey in a report on Friday, January 16th. JPMorgan Chase & Co. reduced their price objective on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Jefferies Financial Group lowered their price objective on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating on the stock in a research note on Monday, January 19th. Stifel Nicolaus restated a “buy” rating and issued a GBX 120 target price on shares of Taylor Wimpey in a report on Thursday, March 5th. Finally, Citigroup cut their target price on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a research note on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 121.

Taylor Wimpey Stock Down 1.7%

Shares of LON TW opened at GBX 86.64 on Monday. The firm has a 50 day simple moving average of GBX 104.47 and a 200-day simple moving average of GBX 103.79. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71. The firm has a market capitalization of £3.11 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35.

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

Taylor Wimpey announced that its board has authorized a stock repurchase plan on Thursday, March 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the homebuilder to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Chris Carney purchased 90,361 shares of Taylor Wimpey stock in a transaction dated Wednesday, March 25th. The shares were purchased at an average price of GBX 86 per share, with a total value of £77,710.46. Also, insider Jennie Daly acquired 139,270 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired at an average price of GBX 86 per share, for a total transaction of £119,772.20. Insiders have bought a total of 230,501 shares of company stock valued at $19,838,458 in the last 90 days. Insiders own 0.87% of the company’s stock.

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.