Taylor Wimpey (LON:TW) Cut to “Outperform” at Royal Bank Of Canada

Royal Bank Of Canada downgraded shares of Taylor Wimpey (LON:TW) to an outperform rating in a research note released on Monday morning, Marketbeat.com reports. Royal Bank Of Canada currently has GBX 110 target price on the homebuilder’s stock, down from their prior target price of GBX 115.

Several other analysts have also issued reports on the stock. Jefferies Financial Group dropped their price target on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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 lowered their price objective on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating on the stock in a research note on Tuesday, June 16th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 99.40.

Taylor Wimpey Stock Up 1.9%

LON:TW opened at GBX 82.84 on Monday. The firm has a market cap of £2.98 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 4.99 and a quick ratio of 0.71. The business’s fifty day moving average is GBX 79.79 and its 200 day moving average is GBX 89.65.

Taylor Wimpey (LON:TW) last released its quarterly earnings data on Friday, July 31st. The homebuilder reported GBX 2.50 EPS for the quarter. Taylor Wimpey had a return on equity of 5.99% and a net margin of 6.43%. As a group, analysts anticipate that Taylor Wimpey will post 9.8339265 earnings per share for the current year.

Insider Activity at Taylor Wimpey

In other Taylor Wimpey news, insider Mark Castle bought 1,999 shares of Taylor Wimpey stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of GBX 75 per share, for a total transaction of £1,499.25. In the last ninety days, insiders purchased 3,140 shares of company stock worth $239,880. Insiders own 0.87% of the company’s stock.

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.