Royal Bank Of Canada Downgrades Taylor Wimpey (LON:TW) to Sector Perform

Royal Bank Of Canada cut shares of Taylor Wimpey (LON:TW - Free Report) to a sector perform rating in a report released on Wednesday morning, Marketbeat.com reports. Royal Bank Of Canada currently has GBX 135 ($1.82) target price on the homebuilder's stock, down from their previous target price of GBX 150 ($2.02).

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 150 ($2.02) target price on shares of Taylor Wimpey in a research report on Wednesday, April 30th.

Taylor Wimpey Trading Down 1.3%

Shares of Taylor Wimpey stock traded down GBX 1.50 ($0.02) on Wednesday, hitting GBX 111.15 ($1.50). 12,462,668 shares of the company traded hands, compared to its average volume of 2,409,451. The company's 50-day simple moving average is GBX 118.06 and its 200-day simple moving average is GBX 115.31. The company has a current ratio of 5.08, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. The company has a market capitalization of £4.00 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.04 and a beta of 1.81.

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.