Jefferies Financial Group Reaffirms Buy Rating for Taylor Wimpey (LON:TW)

Taylor Wimpey (LON:TW)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Financial Group in a research report issued to clients and investors on Monday, MarketBeat reports. They presently have a GBX 101 price target on the homebuilder’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 13.08% from the stock’s current price.

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

Taylor Wimpey Trading Up 11.5%

Shares of TW opened at GBX 89.32 on Monday. The stock has a market cap of £3.21 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 2.04 and a beta of 1.30. The firm has a 50-day moving average of GBX 82.27 and a 200-day moving average of GBX 82.38. 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 announced its earnings results on Friday, July 31st. The homebuilder reported GBX 2.50 earnings per share for the quarter. Taylor Wimpey had a net margin of 6.43% and a return on equity of 5.99%. Equities research analysts forecast that Taylor Wimpey will post 9.8339265 earnings per share for the current year.

Taylor Wimpey Company Profile

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.