Taylor Wimpey (LON:TW) Upgraded at Royal Bank of Canada

Taylor Wimpey (LON:TW - Get Free Report) was upgraded by Royal Bank of Canada to an "outperform" rating in a research note issued to investors on Friday, MarketBeat reports. The firm presently has a GBX 175 ($2.21) price objective on the homebuilder's stock. Royal Bank of Canada's price objective indicates a potential upside of 34.36% from the company's current price.

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 130 ($1.65) price target on shares of Taylor Wimpey in a research report on Monday, March 4th.

Taylor Wimpey Stock Performance

LON TW traded up GBX 0.35 ($0.00) during trading hours on Friday, hitting GBX 130.25 ($1.65). The company had a trading volume of 9,222,132 shares, compared to its average volume of 2,409,451. The business has a 50 day moving average of GBX 140.58 and a 200-day moving average of GBX 132.89. The company has a market cap of £4.61 billion, a PE ratio of 1,302.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.77. Taylor Wimpey has a 1-year low of GBX 98.92 ($1.25) and a 1-year high of GBX 150.60 ($1.91). The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.71 and a current ratio of 5.37.

Insider Activity at Taylor Wimpey

In other news, insider Jennie Daly bought 132,448 shares of the stock in a transaction dated Thursday, March 28th. The shares were acquired at an average price of GBX 141 ($1.78) per share, with a total value of £186,751.68 ($236,364.61). Insiders have bought a total of 132,658 shares of company stock worth $18,705,276 in the last three months. Insiders own 0.79% of the company's stock.

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.