Berenberg Bank Has Lowered Expectations for Taylor Wimpey (LON:TW) Stock Price

Key Points

• Berenberg Bank has **lowered** its price target for Taylor Wimpey from **GBX 150** to **GBX 135**, while maintaining a "**buy**" rating, indicating a potential upside of **34.40%** from the previous close.
• Other analysts have shown **mixed ratings**, with JPMorgan maintaining a "**neutral**" stance and Royal Bank of Canada lowering their target to **GBX 130**, while Citigroup adjusted its target down to **GBX 147** but kept a "**buy**" rating.
• Taylor Wimpey reported an EPS of **GBX 3.20** for the last quarter, with analysts expecting an overall earnings per share of **9.83** for the current fiscal year.

Taylor Wimpey (LON:TW - Free Report) had its price objective reduced by Berenberg Bank from GBX 150 ($1.99) to GBX 135 ($1.79) in a research note published on Wednesday, Marketbeat reports. They currently have a buy rating on the homebuilder's stock.

A number of other research analysts also recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Taylor Wimpey from GBX 135 ($1.79) to GBX 130 ($1.73) and set a "sector perform" rating on the stock in a research report on Thursday. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Taylor Wimpey in a research note on Thursday. Finally, Citigroup dropped their price target on shares of Taylor Wimpey from GBX 150 ($1.99) to GBX 147 ($1.95) and set a "buy" rating on the stock in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 147.40 ($1.96).

Taylor Wimpey Trading Down 1.1%

Shares of TW traded down GBX 1.15 ($0.02) during mid-day trading on Wednesday, reaching GBX 101.10 ($1.34). 24,635,519 shares of the stock traded hands, compared to its average volume of 2,409,451. The business has a 50-day simple moving average of GBX 115.07 and a two-hundred day simple moving average of GBX 114.48. The firm has a market cap of £3.63 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79.

Taylor Wimpey (LON:TW - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The homebuilder reported GBX 3.20 ($0.04) 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, sell-side analysts anticipate that Taylor Wimpey will post 9.8339265 EPS for the current year.

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.