Taylor Wimpey (LON:TW) Given New GBX 120 Price Target at Berenberg Bank

Taylor Wimpey (LON:TW) had its price objective decreased by stock analysts at Berenberg Bank from GBX 128 to GBX 120 in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the homebuilder’s stock. Berenberg Bank’s price target would suggest a potential upside of 24.69% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Citigroup decreased their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a report on Friday, January 16th. JPMorgan Chase & Co. cut their price objective on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a report on Thursday, December 4th. The Goldman Sachs Group began coverage on Taylor Wimpey in a research note on Monday, November 24th. They set a “neutral” rating and a GBX 109 target price for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 150 price target on shares of Taylor Wimpey in a research note on Friday, January 16th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a GBX 120 price target on shares of Taylor Wimpey in a report on Thursday, March 5th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 124.44.

Taylor Wimpey Stock Performance

Taylor Wimpey stock traded down GBX 2.20 during trading on Tuesday, reaching GBX 96.24. 34,112,868 shares of the company’s stock were exchanged, compared to its average volume of 2,409,451. The company has a market cap of £3.46 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.35. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96. The business’s 50-day simple moving average is GBX 108.94 and its 200-day simple moving average is GBX 104.37.

Taylor Wimpey (LON:TW) last issued its quarterly earnings data on Thursday, March 5th. The homebuilder reported GBX 8 EPS for the quarter. Taylor Wimpey had a return on equity of 2.40% and a net margin of 2.61%. Analysts anticipate that Taylor Wimpey will post 9.8339265 EPS for the current year.

Taylor Wimpey declared that its board has approved a share buyback plan on Thursday, March 5th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the homebuilder to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Jennie Daly sold 490,379 shares of the stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total transaction of £495,282.79. Also, insider Chris Carney sold 329,993 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of GBX 101, for a total value of £333,292.93. Insiders purchased a total of 3,137 shares of company stock valued at $321,426 in the last ninety days. 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.