Taylor Wimpey (LON:TW) had its target price cut by Credit Suisse Group from GBX 163 ($2.01) to GBX 154 ($1.90) in a report published on Thursday, Stock Target Advisor reports. They currently have a neutral rating on the homebuilder’s stock.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank upped their target price on Taylor Wimpey from GBX 157 ($1.93) to GBX 159 ($1.96) and gave the stock a buy rating in a research report on Monday, July 6th. Jefferies Financial Group upped their target price on Taylor Wimpey from GBX 146 ($1.80) to GBX 154 ($1.90) and gave the stock a hold rating in a research report on Friday, June 26th. UBS Group reaffirmed a buy rating and issued a GBX 175 ($2.15) target price (up previously from GBX 170 ($2.09)) on shares of Taylor Wimpey in a research report on Monday, July 27th. Canaccord Genuity reaffirmed a hold rating and issued a GBX 165 ($2.03) target price on shares of Taylor Wimpey in a research report on Wednesday. Finally, Liberum Capital decreased their target price on Taylor Wimpey from GBX 135 ($1.66) to GBX 130 ($1.60) and set a hold rating for the company in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 171.14 ($2.11).
Shares of LON TW opened at GBX 118.35 ($1.46) on Thursday. Taylor Wimpey has a 1-year low of GBX 0.02 ($0.00) and a 1-year high of GBX 170.39 ($2.10). The business has a 50-day moving average of GBX 142.23 and a 200-day moving average of GBX 145.26. The company has a debt-to-equity ratio of 3.40, a current ratio of 4.44 and a quick ratio of 0.71. The company has a market capitalization of $4.31 billion and a price-to-earnings ratio of 5.75.
In other news, insider Chris Carney acquired 93 shares of the business’s stock in a transaction on Monday, June 8th. The shares were purchased at an average price of £161.40 ($198.62) per share, for a total transaction of £15,010.20 ($18,471.82). Also, insider Jennie Daly acquired 98 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of £151.90 ($186.93) per share, for a total transaction of £14,886.20 ($18,319.22). Insiders have acquired 295 shares of company stock worth $3,004,616 in the last 90 days.
About Taylor Wimpey
Taylor Wimpey plc operates a residential developer in the United Kingdom and Spain. The company builds various homes, including one- and two-bedroom apartments to six-bedroom detached houses. Taylor Wimpey plc was founded in 1880 and is headquartered in High Wycombe, the United Kingdom.
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