Analysts Set Taylor Wimpey plc (LON:TW) Target Price at GBX 126

Shares of Taylor Wimpey plc (LON:TW) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 126.

Several analysts have weighed in on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 128 target price on shares of Taylor Wimpey in a research report on Thursday, January 15th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 150 price objective on shares of Taylor Wimpey in a report on Friday, January 16th. JPMorgan Chase & Co. cut their target price on Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a research report on Thursday, December 4th. Citigroup lowered their price target on Taylor Wimpey from GBX 143 to GBX 137 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, Jefferies Financial Group dropped their price target on Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating on the stock in a research note on Monday, January 19th.

Taylor Wimpey Stock Down 1.0%

TW opened at GBX 107 on Tuesday. The firm has a market capitalization of £3.85 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.04 and a beta of 1.81. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. The firm’s 50-day moving average is GBX 104.40 and its 200-day moving average is GBX 103.33.

Insiders Place Their Bets

In other Taylor Wimpey news, insider Mark Castle purchased 2,267 shares of Taylor Wimpey stock in a transaction on Monday, December 15th. The stock was bought at an average cost of GBX 102 per share, with a total value of £2,312.34. In the last 90 days, insiders have purchased 3,124 shares of company stock valued at $321,174. 0.87% of the stock is currently owned by corporate insiders.

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.