Jefferies Financial Group Reaffirms Buy Rating for Taylor Wimpey (LON:TW)

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a report issued on Wednesday, Digital Look reports. They currently have a GBX 101 target price on the homebuilder’s stock. Jefferies Financial Group’s target price indicates a potential upside of 27.33% from the company’s current price.

A number of other research firms have also issued reports on TW. Deutsche Bank Aktiengesellschaft reduced their target price on Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating for the company in a report on Tuesday, August 4th. Berenberg Bank dropped their price target on Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Royal Bank Of Canada lowered Taylor Wimpey to an “outperform” rating and dropped their price target for the company from GBX 115 to GBX 110 in a research report on Monday, August 3rd. Finally, Citigroup reduced their price objective on Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating for the company in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Taylor Wimpey presently has a consensus rating of “Hold” and a consensus target price of GBX 98.

Taylor Wimpey Trading Up 4.1%

TW stock traded up GBX 3.14 during mid-day trading on Wednesday, reaching GBX 79.32. 14,932,332 shares of the stock traded hands, compared to its average volume of 2,409,451. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.71 and a current ratio of 4.99. The stock has a market capitalization of £2.85 billion, a P/E ratio of 11.57, a P/E/G ratio of 2.04 and a beta of 1.30. The stock has a 50-day moving average of GBX 80.94 and a two-hundred day moving average of GBX 80.97.

Taylor Wimpey (LON:TW) last released its earnings results on Friday, July 31st. The homebuilder reported GBX 2.50 earnings per share for the quarter. Taylor Wimpey had a net margin of 6.43% and a return on equity of 5.99%. Equities research analysts expect that Taylor Wimpey will post 9.83 earnings per share for the current year.

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.