Taylor Wimpey (LON:TW) Price Target Cut to GBX 130 by Analysts at Royal Bank Of Canada

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 - Free Report) had its price target decreased by Royal Bank Of Canada from GBX 135 ($1.79) to GBX 130 ($1.73) in a research note published on Thursday morning, Marketbeat.com reports. Royal Bank Of Canada currently has a sector perform rating on the homebuilder's stock.

A number of other equities research analysts have also recently issued reports on TW. Berenberg Bank restated a "buy" rating and issued a GBX 150 ($1.99) price objective on shares of Taylor Wimpey in a research note on Wednesday, April 30th. Citigroup lowered their price objective on 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 147.40 ($1.96).

Taylor Wimpey Trading Down 1.1%

LON TW traded down GBX 1.15 ($0.02) during mid-day trading on Thursday, hitting GBX 101.10 ($1.34). The company's stock had a trading volume of 24,635,519 shares, compared to its average volume of 2,409,451. The firm's fifty day moving average price is GBX 115.07 and its 200 day moving average price is GBX 114.48. 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 capitalization of £3.63 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.81.

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%. As a group, research analysts forecast that Taylor Wimpey will post 9.8339265 EPS for the current 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.