Taylor Wimpey plc (LON:TW) Receives GBX 126 Average Target Price from Brokerages

Taylor Wimpey plc (LON:TW) has received an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is GBX 126.

Several equities analysts recently commented on TW shares. The Goldman Sachs Group began coverage on Taylor Wimpey in a research report on Monday, November 24th. They set a “neutral” rating and a GBX 109 price target 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 restated an “outperform” rating and issued a GBX 150 target price on shares of Taylor Wimpey in a research note on Friday, January 16th. JPMorgan Chase & Co. dropped their price target on shares of Taylor Wimpey from GBX 140 to GBX 120 and set a “neutral” rating on the stock in a research note on Thursday, December 4th. Finally, Jefferies Financial Group decreased their price objective on shares of Taylor Wimpey from GBX 140 to GBX 132 and set a “buy” rating for the company in a research report on Monday, January 19th.

Taylor Wimpey Trading Down 0.2%

Shares of LON TW opened at GBX 114.70 on Friday. The firm has a market cap of £4.12 billion, a P/E ratio of 16.73, 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 has a 50-day moving average of GBX 107.89 and a two-hundred day moving average of GBX 103.78.

Insider Buying and Selling

In other Taylor Wimpey news, insider Mark Castle purchased 2,267 shares of Taylor Wimpey stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of GBX 102 per share, with a total value of £2,312.34. Insiders bought a total of 3,117 shares of company stock valued at $321,270 over 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.