Taylor Wimpey (LON:TW) Given "Buy" Rating at Jefferies Financial Group

Key Points

• Jefferies Financial Group reaffirmed its “Buy” rating on Taylor Wimpey and set a GBX 101 price target, implying 26.09% upside from the previous close.
• Analyst sentiment is mixed: five analysts rate the stock “Buy,” four “Hold,” and one “Sell,” resulting in a consensus “Hold” rating and average target price of GBX 99.20.
• Taylor Wimpey shares opened at GBX 80.10 and were up 1.6%; the homebuilder recently reported quarterly earnings of GBX 2.50 per share, with a 6.43% net margin and 5.99% return on equity.

Taylor Wimpey (LON:TW - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Monday, London Stock Exchange reports. They presently have a GBX 101 price target on the homebuilder's stock. Jefferies Financial Group's target price indicates a potential upside of 26.09% from the stock's previous close.

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

Taylor Wimpey Trading Up 1.6%

Shares of Taylor Wimpey stock opened at GBX 80.10 on Monday. The company has a debt-to-equity ratio of 3.06, a current ratio of 4.99 and a quick ratio of 0.71. The stock has a market cap of £2.88 billion, a price-to-earnings ratio of 11.69, a PEG ratio of 2.04 and a beta of 1.30. The company has a fifty day moving average of GBX 82.16 and a 200-day moving average of GBX 82.56.

Taylor Wimpey (LON:TW - Get Free Report) last posted its quarterly 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%. On average, sell-side analysts predict that Taylor Wimpey will post 9.8339265 EPS for the current fiscal year.

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.