Berenberg Bank Reiterates “Buy” Rating for Taylor Wimpey (LON:TW)

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a GBX 135 price objective on the homebuilder’s stock. Berenberg Bank’s price objective points to a potential upside of 34.73% from the company’s previous close.

A number of other equities analysts also recently commented on TW. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 130 price objective on shares of Taylor Wimpey in a report on Thursday, October 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Taylor Wimpey in a research note on Thursday, October 2nd. Citigroup lifted their price objective on Taylor Wimpey from GBX 140 to GBX 145 and gave the company a “buy” rating in a report on Friday, October 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 142 target price on shares of Taylor Wimpey in a report on Wednesday, October 8th. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 110 target price on shares of Taylor Wimpey in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 133.43.

Taylor Wimpey Stock Performance

Shares of Taylor Wimpey stock traded down GBX 1.90 during trading on Monday, reaching GBX 100.20. The company’s stock had a trading volume of 17,429,023 shares, compared to its average volume of 2,409,451. The company has a market cap of £3.60 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The stock has a 50 day moving average price of GBX 102.88 and a two-hundred day moving average price of GBX 108.33. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08.

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.