Royal Bank Of Canada Cuts Taylor Wimpey (LON:TW) Price Target to GBX 130

Key Points

• Royal Bank of Canada has reduced its price target for Taylor Wimpey from GBX 135 to GBX 130, while maintaining a "sector perform" rating.
• The current average rating for Taylor Wimpey stock stands at "Moderate Buy" with a consensus target price of GBX 150.40.
• Taylor Wimpey stock recently opened at GBX 100.45 and recorded a trading drop of 6.3%.

Taylor Wimpey (LON:TW - Get Free Report) had its price target dropped by equities researchers at Royal Bank Of Canada from GBX 135 ($1.80) to GBX 130 ($1.74) in a research note issued on Thursday, July 31st, Marketbeat reports. The firm currently has a "sector perform" rating on the homebuilder's stock. Royal Bank Of Canada's price objective points to a potential upside of 28.08% from the stock's current price.

A number of other equities research analysts also recently issued reports on TW. Citigroup reduced their price target on shares of Taylor Wimpey from GBX 150 ($2.00) to GBX 147 ($1.96) and set a "buy" rating for the company in a research report on Thursday, July 24th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 150 ($2.00) price objective on shares of Taylor Wimpey in a research note on Wednesday, April 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 143.17 ($1.91).

Taylor Wimpey Stock Performance

LON:TW opened at GBX 101.50 ($1.36) on Thursday. The company has a debt-to-equity ratio of 2.79, a current ratio of 5.08 and a quick ratio of 0.71. The business has a 50-day simple moving average of GBX 114.09 and a two-hundred day simple moving average of GBX 114.24. The stock has a market capitalization of £3.65 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81.

Taylor Wimpey (LON:TW - Get Free Report) last announced its quarterly earnings results 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, analysts predict 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.