Jefferies Financial Group Cuts Taylor Wimpey (LON:TW) Price Target to GBX 101

Taylor Wimpey (LON:TW) had its price objective lowered by Jefferies Financial Group from GBX 102 to GBX 101 in a research report report published on Wednesday morning, MarketBeat.com reports. Jefferies Financial Group currently has a buy rating on the homebuilder’s stock.

Other research analysts have also issued research reports about the stock. Berenberg Bank reduced their price objective on shares of Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating for the company in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Taylor Wimpey from GBX 96 to GBX 82 and set a “hold” rating on the stock in a report on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price target on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating on the stock in a research report on Tuesday, June 16th. Citigroup lowered their price objective on Taylor Wimpey from GBX 137 to GBX 105 and set a “buy” rating for the company in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada downgraded Taylor Wimpey to an “outperform” rating and dropped their target price for the stock from GBX 115 to GBX 110 in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 99.20.

Taylor Wimpey Trading Down 0.9%

Shares of LON:TW opened at GBX 85.94 on Wednesday. The stock has a market cap of £3.09 billion, a P/E ratio of 12.54, a PEG ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 3.06, a current ratio of 4.99 and a quick ratio of 0.71. The firm has a 50-day moving average of GBX 80.63 and a two-hundred day moving average of GBX 88.68.

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

Insider Activity

In related news, insider Mark Castle acquired 1,999 shares of the stock in a transaction dated 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 have acquired a total of 2,784 shares of company stock valued at $209,976 over the last three months. Company 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.