Jefferies Financial Group Has Lowered Expectations for Taylor Wimpey (LON:TW) Stock Price

Key Points

• Jefferies cut its price target on Taylor Wimpey from GBX 140 to GBX 132 but kept a "buy" rating, implying about a 23.48% upside from the prior close.
• Analyst coverage is mixed—four "Buy" and four "Hold" ratings—with a consensus of "Moderate Buy" and an average target price of GBX 126.
• Shares traded up ~3.0% to GBX 106.90 on heavy volume, and insider Mark Castle bought 2,267 shares at GBX 102, with insiders owning 0.87% of the stock.

Taylor Wimpey (LON:TW - Get Free Report) had its price objective decreased by investment analysts at Jefferies Financial Group from GBX 140 to GBX 132 in a report released on Monday,Digital Look reports. The firm presently has a "buy" rating on the homebuilder's stock. Jefferies Financial Group's target price indicates a potential upside of 23.48% from the company's previous close.

Several other research firms have also recently issued reports on TW. Citigroup cut their price target on shares of Taylor Wimpey from GBX 143 to GBX 137 and set a "buy" rating on the stock in a report on Friday. Peel Hunt reissued a "hold" rating and issued a GBX 110 target price on shares of Taylor Wimpey in a research report on Wednesday, October 1st. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 150 target price on shares of Taylor Wimpey in a research note on Friday. The Goldman Sachs Group initiated coverage on shares of Taylor Wimpey in a research report on Monday, November 24th. They set a "neutral" rating and a GBX 109 price target on the stock. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 128 price objective on shares of Taylor Wimpey in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 126.

Taylor Wimpey Stock Up 3.0%

Shares of TW traded up GBX 3.10 during trading on Monday, reaching GBX 106.90. The company's stock had a trading volume of 12,778,824 shares, compared to its average volume of 2,409,451. The business's fifty day moving average price is GBX 103.52 and its two-hundred day moving average price is GBX 103.57. The company has a market cap of £3.84 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 5.08.

Insider Activity at Taylor Wimpey

In other Taylor Wimpey news, insider Mark Castle acquired 2,267 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of GBX 102 per share, with a total value of £2,312.34. Over the last ninety days, insiders have bought 3,124 shares of company stock valued at $321,174. Insiders own 0.87% of the company's stock.

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.

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