Royal Bank Of Canada Reiterates "Sector perform" Rating for Taylor Wimpey (LON:TW)

Key Points

• Royal Bank of Canada has restated its "sector perform" rating for Taylor Wimpey, maintaining a target price of GBX 130, suggesting a potential upside of 24.34%.
• Other firms have provided mixed ratings, with three analysts labeling it as a "Buy" and four as a "Hold," leading to an average target price of GBX 138.43.
• Taylor Wimpey reported a quarterly earnings per share (EPS) of GBX 3.20 and has a market capitalization of £3.76 billion.

Taylor Wimpey (LON:TW - Get Free Report)'s stock had its "sector perform" rating restated by investment analysts at Royal Bank Of Canada in a research note issued on Thursday,Digital Look reports. They currently have a GBX 130 target price on the homebuilder's stock. Royal Bank Of Canada's price objective indicates a potential upside of 24.34% from the company's current price.

Several other research analysts have also weighed in on the stock. JPMorgan Chase & Co. restated a "neutral" rating on shares of Taylor Wimpey in a research note on Thursday, July 31st. Peel Hunt restated a "hold" rating and set a GBX 110 price objective on shares of Taylor Wimpey in a research note on Wednesday. Berenberg Bank restated a "buy" rating and set a GBX 135 price objective on shares of Taylor Wimpey in a research note on Monday, September 8th. Citigroup decreased their price target on shares of Taylor Wimpey from GBX 150 to GBX 147 and set a "buy" rating on the stock in a research note on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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 research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Taylor Wimpey has an average rating of "Hold" and an average target price of GBX 138.43.

Taylor Wimpey Trading Up 1.5%

TW opened at GBX 104.55 on Thursday. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79. The company has a 50 day moving average of GBX 100.25 and a two-hundred day moving average of GBX 109.66. The company has a market cap of £3.76 billion, a PE ratio of 15.25, a P/E/G ratio of 2.04 and a beta of 1.81.

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