Deutsche Bank Aktiengesellschaft Cuts Taylor Wimpey (LON:TW) Price Target to GBX 82

Taylor Wimpey (LON:TW) had its price target trimmed by Deutsche Bank Aktiengesellschaft from GBX 96 to GBX 82 in a report published on Tuesday,Digital Look reports. The brokerage currently has a hold rating on the homebuilder’s stock.

A number of other brokerages have also recently weighed in on TW. Jefferies Financial Group reduced their target price on shares of Taylor Wimpey from GBX 105 to GBX 103 and set a “buy” rating for the company in a report on Tuesday, May 5th. Citigroup cut 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. JPMorgan Chase & Co. reduced their price objective on Taylor Wimpey from GBX 100 to GBX 70 and set an “underweight” rating for the company in a research note on Tuesday, June 16th. Royal Bank Of Canada cut Taylor Wimpey to an “outperform” rating and decreased their target price for the stock from GBX 115 to GBX 110 in a report on Monday. Finally, Berenberg Bank decreased their target price on Taylor Wimpey from GBX 100 to GBX 95 and set a “buy” rating on the stock in a report on Monday. Five equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 99.40.

Taylor Wimpey Trading Up 1.9%

LON:TW opened at GBX 82.84 on Tuesday. The firm’s fifty day simple moving average is GBX 79.81 and its 200-day simple moving average is GBX 89.50. The company has a market cap of £2.98 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.30. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.71 and a current ratio of 4.99.

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

Insider Buying and Selling at Taylor Wimpey

In other Taylor Wimpey news, insider Mark Castle purchased 1,999 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of GBX 75 per share, with a total value of £1,499.25. Insiders acquired a total of 2,784 shares of company stock worth $209,976 in the last quarter. 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.