Jefferies Financial Group Cuts Taylor Wimpey (LON:TW) Price Target to GBX 103

Key Points

• Jefferies lowered its price target from GBX 105 to GBX 103 but kept a "buy" rating, implying roughly a 29.7% upside from the prior close.
• Analysts are split (five Buy, five Hold) with a MarketBeat consensus of "Moderate Buy" and a consensus target of GBX 114.60, while individual broker targets range from GBX 100 to GBX 150.
• Insiders purchased a total of 230,222 shares in the past 90 days (notably at about GBX 86), while the stock opened at GBX 79.44, signaling insider buying despite the share price trading below analyst targets.

Taylor Wimpey (LON:TW - Get Free Report) had its target price decreased by research analysts at Jefferies Financial Group from GBX 105 to GBX 103 in a report issued on Tuesday,Digital Look reports. The brokerage currently has a "buy" rating on the homebuilder's stock. Jefferies Financial Group's price objective would indicate a potential upside of 29.66% from the company's previous close.

A number of other research analysts have also weighed in on TW. Citigroup cut their target price on shares of Taylor Wimpey from GBX 143 to GBX 137 and set a "buy" rating for the company in a report on Friday, January 16th. Stifel Nicolaus restated a "buy" rating and issued a GBX 120 price target on shares of Taylor Wimpey in a research report on Thursday, March 5th. JPMorgan Chase & Co. lowered their price target on Taylor Wimpey from GBX 120 to GBX 100 and set a "neutral" rating for the company in a research report on Wednesday, April 29th. Berenberg Bank lowered their price target on Taylor Wimpey from GBX 120 to GBX 105 and set a "buy" rating for the company in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 150 price target on shares of Taylor Wimpey in a research report on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 114.60.

Taylor Wimpey Stock Performance

TW stock opened at GBX 79.44 on Tuesday. The firm has a fifty day simple moving average of GBX 93.04 and a two-hundred day simple moving average of GBX 101.18. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.71 and a current ratio of 4.96. The stock has a market capitalization of £2.86 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.04 and a beta of 1.40.

Taylor Wimpey (LON:TW - Get Free Report) last posted its earnings results on Thursday, March 5th. The homebuilder reported GBX 8 earnings per share for the quarter. Taylor Wimpey had a net margin of 2.61% and a return on equity of 2.40%. On average, equities analysts predict that Taylor Wimpey will post 9.8339265 EPS for the current year.

Taylor Wimpey announced that its Board of Directors has initiated a share repurchase program on Thursday, March 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the homebuilder to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Taylor Wimpey news, insider Chris Carney bought 90,361 shares of Taylor Wimpey stock in a transaction on Wednesday, March 25th. The shares were acquired at an average price of GBX 86 per share, for a total transaction of £77,710.46. Also, insider Jennie Daly bought 139,270 shares of Taylor Wimpey stock in a transaction on Wednesday, March 25th. The stock was acquired at an average price of GBX 86 per share, for a total transaction of £119,772.20. Over the last 90 days, insiders purchased 230,222 shares of company stock valued at $19,808,326. 0.87% of the stock is owned by corporate insiders.

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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