Taylor Wimpey (LON:TW) Upgraded to Outperform by Royal Bank of Canada

Taylor Wimpey (LON:TW) was upgraded by research analysts at Royal Bank of Canada to an “outperform” rating in a report issued on Friday, Digital Look reports. The brokerage presently has a GBX 175 ($2.21) target price on the homebuilder’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 34.36% from the stock’s previous close.

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 130 ($1.65) price target on shares of Taylor Wimpey in a research report on Monday, March 4th.

Taylor Wimpey Stock Up 0.3 %

Shares of Taylor Wimpey stock traded up GBX 0.35 ($0.00) during midday trading on Friday, reaching GBX 130.25 ($1.65). 9,222,132 shares of the company’s stock traded hands, compared to its average volume of 2,409,451. The company has a market cap of £4.61 billion, a price-to-earnings ratio of 1,302.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.77. The company’s 50 day simple moving average is GBX 140.58 and its 200 day simple moving average is GBX 132.89. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.71 and a current ratio of 5.37. Taylor Wimpey has a 52 week low of GBX 98.92 ($1.25) and a 52 week high of GBX 150.60 ($1.91).

Insider Activity at Taylor Wimpey

In other Taylor Wimpey news, insider Jennie Daly sold 104,503 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of GBX 134 ($1.70), for a total value of £140,034.02 ($177,235.82). Insiders bought 132,658 shares of company stock valued at $18,705,276 in the last ninety days. Insiders own 0.79% 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.