Brokerages Set Taylor Wimpey plc (LON:TW) Target Price at GBX 109

Shares of Taylor Wimpey plc (LON:TW) have been given a consensus recommendation of “Hold” by the ten research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 109.

Several analysts have recently commented on TW shares. Jefferies Financial Group reduced their price target on Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a report on Tuesday, May 5th. Bank of America dropped their price objective on Taylor Wimpey from GBX 110 to GBX 90 and set a “neutral” rating on the stock in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a research report on Monday, May 11th. Berenberg Bank reduced their target price on Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reduced their target price on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a report on Tuesday, June 16th.

Insider Activity

In related news, insider Mark Castle acquired 1,999 shares of Taylor Wimpey stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of GBX 75 per share, for a total transaction of £1,499.25. In the last ninety days, insiders have bought 3,140 shares of company stock valued at $239,880. Company insiders own 0.87% of the company’s stock.

Taylor Wimpey Trading Up 2.6%

Shares of TW opened at GBX 81.88 on Tuesday. The firm has a fifty day simple moving average of GBX 79.18 and a 200 day simple moving average of GBX 91.27. The stock has a market cap of £2.94 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 2.96, a current ratio of 4.96 and a quick ratio of 0.71.

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.