Taylor Wimpey (LON:TW) Given New GBX 105 Price Target at Citigroup

Taylor Wimpey (LON:TW) had its target price lowered by Citigroup from GBX 137 to GBX 105 in a research note issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the homebuilder’s stock. Citigroup’s price target suggests a potential upside of 34.62% from the company’s previous close.

TW has been the topic of a number of other reports. Jefferies Financial Group lowered their target price on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating on the stock in a research report on Monday, May 11th. Royal Bank Of Canada downgraded shares of Taylor Wimpey to an “outperform” rating and dropped their price objective for the stock from GBX 115 to GBX 110 in a report on Monday. Berenberg Bank cut their price objective on shares of Taylor Wimpey from GBX 120 to GBX 105 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Taylor Wimpey presently has a consensus rating of “Hold” and a consensus price target of GBX 100.80.

Taylor Wimpey Trading Down 6.1%

TW stock opened at GBX 78 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.71 and a current ratio of 4.99. The firm has a 50-day simple moving average of GBX 79.78 and a two-hundred day simple moving average of GBX 90.23. The firm has a market cap of £2.80 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.04 and a beta of 1.30.

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

Insider Activity at Taylor Wimpey

In other news, insider Mark Castle bought 1,999 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of GBX 75 per share, for a total transaction of £1,499.25. Insiders acquired 3,140 shares of company stock valued at $239,880 in the last three months. Corporate 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.