Taylor Wimpey plc (LON:TW) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Of 10 covering analysts, five recommend buying, four recommend holding, and one recommends selling. The average 12-month price target is GBX 99.20.
• Several brokerages recently lowered their price targets, including JPMorgan to GBX 70 with an “underweight” rating and Deutsche Bank to GBX 82 with a “hold” rating; other firms maintained buy ratings despite reductions.
• Shares opened at GBX 85.94, while Taylor Wimpey reported quarterly earnings of GBX 2.50 per share. Insiders have been net buyers recently, purchasing 2,784 shares over the past three months.

Shares of Taylor Wimpey plc (LON:TW - Get Free Report) have earned a consensus recommendation of "Hold" from the ten analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 99.20.

TW has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Taylor Wimpey from GBX 100 to GBX 70 and set an "underweight" rating on the stock in a research report on Tuesday, June 16th. Jefferies Financial Group lowered their price objective on Taylor Wimpey from GBX 102 to GBX 101 and set a "buy" rating for the company in a research report on Wednesday. Citigroup cut their target price on Taylor Wimpey from GBX 137 to GBX 105 and set a "buy" rating for the company in a research note on Monday, August 3rd. Berenberg Bank reduced their target price on Taylor Wimpey from GBX 100 to GBX 95 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Taylor Wimpey from GBX 96 to GBX 82 and set a "hold" rating on the stock in a research report on Tuesday, August 4th.

Insider Activity

In related news, insider Mark Castle acquired 1,999 shares of Taylor Wimpey stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of GBX 75 per share, for a total transaction of £1,499.25. Over the last three months, insiders bought 2,784 shares of company stock worth $209,976. 0.87% of the stock is currently owned by company insiders.

Taylor Wimpey Price Performance

Shares of TW stock opened at GBX 85.94 on Friday. The company has a quick ratio of 0.71, a current ratio of 4.99 and a debt-to-equity ratio of 3.06. The stock's 50 day moving average price is GBX 80.63 and its 200-day moving average price is GBX 88.68. The stock has a market capitalization of £3.09 billion, a P/E ratio of 12.54, a PEG ratio of 2.04 and a beta of 1.30.

Taylor Wimpey (LON:TW - Get Free Report) last posted its earnings results on Friday, July 31st. The homebuilder reported GBX 2.50 earnings per share for the quarter. Taylor Wimpey had a net margin of 6.43% and a return on equity of 5.99%. Sell-side analysts forecast 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.

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