Citigroup Forecasts Strong Price Appreciation for Taylor Wimpey (LON:TW) Stock

Key Points

• Citigroup raised its target price for Taylor Wimpey (LON:TW) stock from GBX 140 to GBX 145, indicating a potential upside of 36.86% from its previous close.
• Analysts have varying ratings for Taylor Wimpey, with three rating it as a Buy and four as a Hold, while the consensus rating is currently a Hold with an average target price of GBX 138.14.
• Taylor Wimpey reported earnings per share of GBX 3.20 for the last quarter, with expectations of around 9.83 EPS for the current year.

Taylor Wimpey (LON:TW - Get Free Report) had its target price raised by analysts at Citigroup from GBX 140 to GBX 145 in a note issued to investors on Friday,Digital Look reports. The firm currently has a "buy" rating on the homebuilder's stock. Citigroup's price target would indicate a potential upside of 36.86% from the stock's previous close.

TW has been the topic of several other reports. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Taylor Wimpey in a report on Thursday. Peel Hunt reiterated a "hold" rating and issued a GBX 110 price target on shares of Taylor Wimpey in a report on Wednesday. Berenberg Bank reissued a "buy" rating and issued a GBX 135 price objective on shares of Taylor Wimpey in a research note on Monday, September 8th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 130 price objective on shares of Taylor Wimpey in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Taylor Wimpey from GBX 136 to GBX 122 and set a "hold" rating on the stock in a research note on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of GBX 138.14.

Taylor Wimpey Price Performance

Shares of TW stock opened at GBX 105.95 on Friday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08. The company's 50-day moving average is GBX 100.12 and its 200 day moving average is GBX 109.61. The stock has a market capitalization of £3.81 billion, a P/E ratio of 15.46, a PEG ratio of 2.04 and a beta of 1.81.

Taylor Wimpey (LON:TW - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The homebuilder reported GBX 3.20 earnings per share (EPS) for the quarter. Taylor Wimpey had a return on equity of 5.50% and a net margin of 7.25%. Equities research analysts expect that Taylor Wimpey will post 9.8339265 EPS for the current year.

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.

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