Taylor Wimpey (LON:TW – Get Rating) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 191 ($2.39) to GBX 189 ($2.36) in a report issued on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the homebuilder’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 53.10% from the stock’s previous close.
Several other research firms have also recently commented on TW. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 220 ($2.75) target price on shares of Taylor Wimpey in a research report on Wednesday, March 23rd. JPMorgan Chase & Co. dropped their target price on shares of Taylor Wimpey from GBX 230 ($2.87) to GBX 190 ($2.37) and set an “overweight” rating for the company in a research report on Friday, March 25th. Liberum Capital reissued a “buy” rating and set a GBX 185 ($2.31) price target on shares of Taylor Wimpey in a research report on Monday, March 14th. Morgan Stanley reissued an “overweight” rating on shares of Taylor Wimpey in a research report on Friday, March 25th. Finally, Barclays reissued an “overweight” rating and set a GBX 195 ($2.44) price target on shares of Taylor Wimpey in a research report on Friday, January 28th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taylor Wimpey presently has a consensus rating of “Buy” and a consensus price target of GBX 194.88 ($2.43).
LON:TW opened at GBX 123.45 ($1.54) on Friday. The stock has a 50-day moving average of GBX 134.11. Taylor Wimpey has a 12 month low of GBX 124.74 ($1.56) and a 12 month high of GBX 185.02 ($2.31). The company has a debt-to-equity ratio of 2.58, a quick ratio of 1.05 and a current ratio of 5.83. The stock has a market cap of £4.44 billion and a PE ratio of 8.12.
In other news, insider Chris Carney sold 11,460 shares of Taylor Wimpey stock in a transaction that occurred on Wednesday, March 23rd. The shares were sold at an average price of GBX 143 ($1.79), for a total value of £16,387.80 ($20,471.96). Also, insider Jennie Daly sold 53,388 shares of Taylor Wimpey stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of GBX 146 ($1.82), for a total transaction of £77,946.48 ($97,372.24). Over the last 90 days, insiders have sold 107,887 shares of company stock valued at $15,157,615.
Taylor Wimpey Company Profile (Get Rating)
Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. It builds and delivers various homes and communities, including apartments to six-bedroom houses. Taylor Wimpey plc was founded in 1880 and is based in High Wycombe, the United Kingdom.