Taylor Wimpey (LON:TW) Lowered to “Outperform” Rating by Royal Bank Of Canada

Taylor Wimpey (LON:TW) was downgraded by Royal Bank Of Canada to an “outperform” rating in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 110 price objective on the homebuilder’s stock, down from their prior price objective of GBX 115. Royal Bank Of Canada’s target price suggests a potential upside of 41.03% from the company’s previous close.

A number of other brokerages have also weighed in on TW. JPMorgan Chase & Co. decreased their price objective on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating on the stock in a report on Tuesday, June 16th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Taylor Wimpey from GBX 122 to GBX 96 and set a “hold” rating for the company in a report on Monday, May 11th. Berenberg Bank reduced their target price 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, Jefferies Financial Group decreased 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 note on Tuesday, May 5th. 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. According to data from MarketBeat, Taylor Wimpey presently has a consensus rating of “Hold” and a consensus price target of GBX 100.80.

Taylor Wimpey Price Performance

LON TW opened at GBX 78 on Monday. The stock has a market capitalization of £2.80 billion, a P/E ratio of 11.38, a PEG ratio of 2.04 and a beta of 1.30. The firm has a fifty day moving average price of GBX 79.78 and a 200 day moving average price of GBX 90.23. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.71 and a current ratio of 4.99.

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

Insiders Place Their Bets

In related news, insider Mark Castle bought 1,999 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of GBX 75 per share, for a total transaction of £1,499.25. Insiders acquired a total of 3,140 shares of company stock worth $239,880 over the last quarter. 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.