Taylor Wimpey (LON:TW) had its price objective cut by Peel Hunt from GBX 230 ($2.83) to GBX 150 ($1.85) in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a hold rating on the homebuilder’s stock.
Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their price target on Taylor Wimpey from GBX 140 ($1.72) to GBX 150 ($1.85) and gave the stock a neutral rating in a report on Friday, July 3rd. Canaccord Genuity lifted their target price on Taylor Wimpey from GBX 163 ($2.01) to GBX 165 ($2.03) and gave the stock a hold rating in a research note on Friday, June 19th. Credit Suisse Group dropped their price target on Taylor Wimpey from GBX 183 ($2.25) to GBX 163 ($2.01) and set a neutral rating on the stock in a research note on Friday, June 19th. Morgan Stanley cut their price target on Taylor Wimpey from GBX 170 ($2.09) to GBX 165 ($2.03) and set an overweight rating for the company in a report on Friday, June 19th. Finally, UBS Group reissued a buy rating and issued a GBX 170 ($2.09) price objective (up from GBX 165 ($2.03)) on shares of Taylor Wimpey in a research report on Thursday, June 18th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of GBX 172.86 ($2.13).
Shares of TW opened at GBX 145 ($1.78) on Wednesday. The company has a market cap of $5.23 billion and a PE ratio of 6.96. The firm has a 50-day moving average of GBX 147.15 and a 200-day moving average of GBX 151.20. Taylor Wimpey has a one year low of GBX 0.02 ($0.00) and a one year high of GBX 170.39 ($2.10). The company has a debt-to-equity ratio of 3.40, a current ratio of 4.44 and a quick ratio of 0.71.
In related news, insider Jennie Daly acquired 98 shares of the 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). Also, insider Chris Carney acquired 93 shares of the stock in a transaction on Monday, June 8th. The shares were bought at an average price of £161.40 ($198.62) per share, for a total transaction of £15,010.20 ($18,471.82). Insiders acquired a total of 295 shares of company stock valued at $3,004,616 in the last three months.
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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