Royal Bank Of Canada Upgrades Taylor Wimpey (LON:TW) to Outperform

Taylor Wimpey (LON:TW) was upgraded by stock analysts at Royal Bank Of Canada to an “outperform” rating in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a GBX 150 price target on the homebuilder’s stock, up from their previous price target of GBX 130. Royal Bank Of Canada’s price target indicates a potential upside of 48.22% from the company’s previous close.

Several other equities research analysts have also recently issued reports on TW. Peel Hunt reiterated a “hold” rating and issued a GBX 110 price target on shares of Taylor Wimpey in a research note on Wednesday, October 1st. Citigroup upped their target price on Taylor Wimpey from GBX 140 to GBX 145 and gave the company a “buy” rating in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on Taylor Wimpey from GBX 136 to GBX 122 and set a “hold” rating on the stock in a report on Tuesday, August 5th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 135 price target on shares of Taylor Wimpey in a research note on Monday, November 17th. Finally, The Goldman Sachs Group began coverage on shares of Taylor Wimpey in a research note on Monday, November 24th. They set a “neutral” rating and a GBX 109 price objective on the stock. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 132.88.

Taylor Wimpey Trading Down 1.4%

LON TW traded down GBX 1.40 during trading on Tuesday, reaching GBX 101.20. The company’s stock had a trading volume of 14,342,506 shares, compared to its average volume of 2,409,451. The company has a 50 day moving average of GBX 103.47 and a 200 day moving average of GBX 107.05. The stock has a market cap of £3.64 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71.

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.