Taylor Wimpey (LON:TW) Price Target Cut to GBX 135 by Analysts at Berenberg Bank

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 target cut by Berenberg Bank from GBX 150 ($1.99) to GBX 135 ($1.79) in a report published on Wednesday, MarketBeat.com reports. They currently have a buy rating on the homebuilder's stock.

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

Taylor Wimpey Trading Down 1.1%

Shares of TW stock traded down GBX 1.15 ($0.02) on Wednesday, reaching GBX 101.10 ($1.34). 24,635,519 shares of the stock were exchanged, compared to its average volume of 2,409,451. 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 stock 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's fifty day moving average price is GBX 115.07 and its 200 day moving average price is GBX 114.48.

Taylor Wimpey (LON:TW - Get Free Report) last posted its earnings results on Wednesday, July 30th. The homebuilder reported GBX 3.20 ($0.04) EPS for the quarter. Taylor Wimpey had a net margin of 7.25% and a return on equity of 5.50%. Equities research analysts forecast that Taylor Wimpey will post 9.8339265 earnings per share 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.